Mexican president slams energy critics, sees plunder and conspiracy

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Responding to business groups' complaints that the new power supply regulations threatened old contracts, Mexico's president said he was leveling a playing field previously bound to private interests

MEXICO CITY - Mexico’s president on Monday slammed criticism of new rules giving the state more control over electricity production, likening the private sector to colonial plunderers and lashing out at prominent international media as stooges of big business.

“If we don’t put things in order, things will stay the same,” Lopez Obrador told a regular news briefing. “They’ll continue seeing Mexico as a land of conquest. As they did. Foreign companies came to plunder.” In order to help the two state-owned companies, Lopez Obrador has walked back parts of the liberalization of the energy market undertaken by the previous government.

Then, late on Friday, the energy ministry published rules that give the government more scope to control the approval of new renewable energy projects, sparking an angry response from several of Mexico’s top business associations.Business groups believe the law is on their side, pointing to some court decisions that have gone in their favor in various ongoing energy-related disputes with the administration.

 

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El loco dictador narcisista que piensa que todo es un intento de golpe de estado neoliberal, pero que hizo pacto con Donald Trump..que casualidad que Obrador 'ama' el petróleo y desprecia las energías renovables igual que Trump

Reuters, Mexico says no to 'agandalle'.

Mexican President is absolutely insane. He's a danger even to himself. 🤦🏻‍♂️

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