By KELIN DILLON Several days after Mexican President Andrés Manuel López Obrador (AMLO) inaugurated the controversial Dos Bocas Refinery on Friday, July 1, Mexican journalist Carlos Loret de Mola released a scathing two-part analysis of purported lies featured in López Obrador’s inaugural address, revealing apparent inconsistencies in AMLO’s contentious Tabascan pet project. According to Loret de Mola – a perennial
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OPINION By GOLDY HYDER Part of an ongoing series from the Wilson Center* Just like the covid-19 virus, the devastating effects of climate change know no borders. Flooding, forest fires and other extreme weather-related natural disasters are now regularly wreaking havoc on communities across North America. The costs of these catastrophes are measured not only in dollars and pesos, but in
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OPINION By IÑIGO FERNÁNDEZ BAPTISTA Part of an ongoing series from the Wilson Center* In 2006 — more than 16 years ago — in the midst of the bird flu, Jeffrey Staples published an article in Harvard Business Review stating that a pandemic could become the single greatest threat to business continuity. That prediction took solid form with the covid-19 pandemic
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OPINION By CARLOS PASCUAL Part of an ongoing series from the Wilson Center* General Motors stated in November 2021, just seven months after announcing plans to invest $1 billion in electric vehicle production in Mexico, that “Mexico won’t be a destination for foreign investment” unless it provides a solid legal basis to “meet our objective of having zero emissions in the
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By KELIN DILLON According to data from Mexican Congress’ approved budgets for Petróleos Mexicanos (Pemex), the state-owned gas company could be putting the lives and wellbeing of its employees and the populations residing near Pemex drilling sites at risk due to a lack of continual maintenance within the company’s infrastructure. While figures from 2018 show 17.26 billion pesos in budget
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PULSE NEWS MEXICO Mexico’s Energy Regulatory Commission (CRE) on Friday, May 27, fined Iberdrola Energía Monterrey an exuberant amount of 9,145,388,400 pesos for the sale of energy to customers that were not original partners in its self-supply permit. When Iberdrola opened the plant in question, its total investment was 9 billion pesos, that is 145,388,400 less than the fine imposed
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By KELIN DILLON In the recently released 2022 edition of Brand Finance’s Oil & Gas 50, Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) fell from 16th to 20th place in the rankings of the world’s 50 largest oil companies. The drop stems from Pemex’s 6 percent reduction in valuation from 2021 to 2022; while the Pemex brand was valued at
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By THE PULSE NEWS MEXICO STAFF As inflation in Mexico continues to surge month-after-month, hitting 7.45 percent in March, President Andrés Manuel López Obrador (AMLO) announced on Tuesday, April 26, the framework of his plan to reduce price increases by forming a pact with private-sector producers and distributors. In his proposed plan to control the cost of eggs, milk, oil,
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By KELIN DILLON According to the Mexican Center for Economic and Budgetary Research (CIEP), if the current tax subsidies provided to gasoline and diesel by the Special Tax on Production and Services (IEPS) are maintained, the Mexican economy will lose 554 billion pesos and experience 2.4 percent contraction in GDP in 2022 as a direct result of the policy. Given
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OPINION By THÉRÈSE MARGOLIS In what can only be considered a case of the fox being sent to guard the henhouse — and then, declaring himself innocent while standing in a coop strewn with dead chickens — Baker Hughes Latin America director Bob Pérez on Monday, Feb. 21, said that having “thoroughly reviewed” the contracts his company has with Mexico’s
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