AMLO's energy policies put US $10 billion in investments at risk, US warns
Trade Representative urges Mexico to 'discontinue these concerning actions'
The United States government has warned that Mexico’s energy sector policies place US $10 billion in U.S. investments at risk.
United States Trade Representative Katherine Tai cited the 11-digit figure in a letter to Economy Minister Tatiana Clouthier last Thursday.
According to the newspaper Reforma, which saw the private letter, Tai said the Electricity Industry Law – which gives power generated by the state-owned Federal Electricity Commission (CFE) priority on the national grid over that produced by private and renewable energy companies – poses a great risk to United States energy projects in Mexico. Read More...