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MEXICO CITY, Mexico (AFP) – Mexico will open lithium exploitation to private investors because there are insufficient public funds to develop the recently nationalized sector, President Andres Manuel Lopez Obrador said on Wednesday. “Public funding alone would not be enough. Quite a lot of investment is required,” Lopez Obrador told reporters. Opening the sector to private capital will “have a lot of support. It’s of interest to national and foreign investors,” he predicted. In April, […]
MEXICO CITY, Mexico (AFP) – US climate envoy John Kerry called Wednesday for an “open and competitive” energy market in Mexico, where planned energy reforms have alarmed foreign investors and environmentalists alike. Washington has stepped up pressure on Mexico over President Andres Manuel Lopez Obrador’s push to boost the state’s role in the energy industry — moves critics say favor fossil fuels over renewable energy. Meeting with Lopez Obrador and other top officials in the […]
by Samir Tounsi Agence France-Presse MEXICO CITY, Mexico (AFP) – Relations between the United States and Mexico are under strain as the Mexican government pushes ahead with planned energy sector reforms that have alarmed Washington and foreign investors. President Andres Manuel Lopez Obrador wants to strengthen the state-owned electricity provider and roll back the effects of liberalization under previous governments that he says favored private companies. That has prompted warnings that Mexico is in danger […]
by Jose OSORIO Agence France-Presse MEXICO (AFP)- More than a century after Mexico established a prison on the Maria Islands — a Pacific archipelago eight hours by boat from the mainland — the country’s new government has decided to close it. But some prisoners didn’t want to leave the tropical jail. The inmates and guards on the islands — the Islas Marias, as they are known in Spanish — stayed put even when powerful Hurricane […]
