In the Headlines
June 14, 2024

Sheinbaum Win Gives AMLO One More Shot to Boost State Utilities

Bloomberg Law
Senior Policy Advisor Jorge Aguilar was quoted in a Bloomberg Law article about the potential impact of Claudia Sheinbaum's election victory on Mexico's energy sector. The article highlighted current President Andres Manuel Lopez Obrador's (AMLO) efforts to exert more political control over the energy sector by eliminating independent regulatory agencies. With Sheinbaum and AMLO's Morena party gaining a near-supermajority in the legislature, investors and private companies have expressed concerns about the viability of their operations moving forward. Mr. Aguilar commented on the potential consequences of the reforms.

"The reform, if approved, could impact foreign investment and companies' operations because it will modify the established permitting process. Companies should monitor legislative changes to adapt to the regulation and identify who will be in charge of reviewing those permits. If not, they could encounter legal uncertainties, which may cause companies to leave the country," he said.

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