By RICARDO CASTILLO New Mexican Tourist Resort Mexican President Andrés Manuel López Obrador (AMLO) Saturday visited the largest of the three islands, popularly known as “Las Marías,” off the coast of Nayarit in the Pacific Ocean. During his visit, AMLO announced that in three months the archipelago, which once served as a federal prison, would open up to tourists as
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By RICARDO CASTILLO Lozoya Case Postponed The start date for the trial of former Petróleos Mexicanos (Pemex) Director Emilio Lozoya Austin was postponed on request of the Mexican Attorney General’s Office due to pandemic-related complications. The deadline was supposed to be last Sunday, March 7. Judge José Artemio Zúñiga Mendoza, however, granted investigators more time to conclude the presentation of
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By KELIN DILLON Following controversial changes in Mexico’s electrical law, rammed through Congress on orders from President Andrés Manuel López Obrador (AMLO), the government-owned Federal Electricity Commission (CFE) will reportedly use plants up to 41 years old, with no plans to replace them. The newly passed law changes the order in which each kind of generated energy is uploaded to
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By RICARDO CASTILLO Women March Nationwide From A and B to Y and Z, Mexican women will protest in Monday, March 8, International Women’s Day, against macho violence in the nation. Though in the past, much of the attention of previous demonstrations has been centered around the Mexico City main square Zócalo, this year the programming for the protests will
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By RICARDO CASTILLO While here in Mexico, President Manuel López Obrador (AMLO) on Wednesday, March 3, was celebrating the 58 to 48 passage (with 22 abstentions) of his electricity reform bill the night before by the Senate, back in Texas the state government was busy issuing walking papers to nonprofit Electricity Reliability Council of Texas (Ercot) CEO Bill Magness, considered
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By RICARDO CASTILLO Pemex Drops Fitch, But It’s Not Reciprocal The Mexican state-owned oil company Petróleos Mexicanos (Pemex) dropped the international ratings firm Fitch from its budget on Tuesday, March 2, saying that it “no longer needs” the New York-based company’s services. Fitch’s ratings of the humongous Pemex debt has been harsh, and in its latest move. Fitch downgraded
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By KELIN DILLON Following the approval of Mexican President Andrés Manuel López Obrador’s (AMLO) controversial electricity reform bill, López Obrador said Mexico would be rewriting existing contracts with electrical companies “to update them to the new reality.” The bill gives Mexico’s state-owned Petróleos Mexicanos (Pemex) priority uploading of energy the also-state-owned Federal Electricity Commission (CFE) power grid, above private companies,
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By RICARDO CASTILLO Committees Approve Energy Bill Late Monday, March 1, the Mexican Senate’s Energy, Environment and Legislative Studies Committees approved President Andrés Manuel López Obrador’s (AMLO) controversial electric energy bill, which went to the Senate floor on Tuesday, March 2, for a fast-track vote. AMLO had asked Congress to approve the bill without even the slightest of changes, despite
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By KELIN DILLON Amid the approval of Mexico’s controversial energy reform, the companies the initiative is based around, Mexico’s state-owned Petróleos Mexicanos (Pemex) and Federal Electricity Commission (CFE), each reportedly lost billions of pesos in 2020. According to Pemex’s 2020 financial report, the company lost 480.9 billion pesos last financial year, a staggering 38.2 percent increase in loss from 2019,
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By RICARDO CASTILLO AMLO, Biden in Virtual Meet On Monday, March 1, U.S. President Joe Biden is slated to hold a virtual conference with Mexican President Andrés Manuel López Obrador (AMLO). This will be the second virtual gathering both presidents have, the last one having been on Jan. 22. According to White House sources, the two are expected to discuss
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