A bad energy law says much about Mexico’s president
It will make electricity more expensive, dirtier and less reliable
WITH THE pandemic raging and the economy in a slump, Mexico’s Congress found time to discuss a new electricity law at the behest of President Andrés Manuel López Obrador. Approved on March 3rd, it will make electricity more expensive, dirtier and less reliable. It has thrown into doubt the value of some $26bn of private investment in wind and solar energy, mainly by foreign companies. That Mr López Obrador (or AMLO for short) sets so much store by such a bad law says much about what is wrong with his vision for his country.
This article appeared in the The Americas section of the print edition under the headline “Forward into the darkness”
From the March 13th 2021 edition
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