Andrés Manuel López Obrador’s energy policy will hurt Mexico
Lawmakers should vote down the president’s proposals
MEXICO’S PRESIDENT gets many of his ideas from the 1960s and 1970s. Back then Mexico had yet to embrace economic liberalisation or democracy, and state-owned energy companies dominated the economy. As a young politician, Andrés Manuel López Obrador watched Pemex, the oil giant created by nationalising private firms in the 1930s, spread largesse around Tabasco, his home state. Mexico has changed a lot since those days, as has the energy business. Mr López Obrador’s thinking has not.
This article appeared in the Leaders section of the print edition under the headline “High-voltage mire”
From the January 8th 2022 edition
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