Skip to content

Mexico’s new president and energy reform

After choosing a new president on July 1st, Mexico must now decide whether to use its Energy Transition Law to transition away from fossil fuels towards renewables. Español

Published:
amlo.png
amlo.png

Mexican president Andrés Manuel López Obrador (image: Cierre de Campaña). All Rights Reserved.

It is the stuff of legend in Mexico: In 1938, president Lázaro Cárdenas nationalised US and Anglo-Dutch oil companies and called on Mexicans to “furnish the necessary moral and material support” to pay the debt that newly-created Petróleos Mexicanos (Pemex) had acquired.

Thousands of Mexicans, inspired but unsure quite how to support the new venture, queued up outside the presidential palace with donations ranging from chickens to jewellery.