US Energy Minister openly exposes concern about AMLO reform

The Secretary of Energy of the United States, Jennifer Granholm, openly expressed her government’s concerns about the constitutional reform that is being discussed in Congress to return the monopoly of the entire energy value chain to the Federal Electricity Commission (CFE), giving it a legal minimum of 54% of the country’s electricity generation, canceling contracts from the regime prior to 2013 and removing autonomy from the sector’s regulators, since this would harm US companies that have invested in the country.

The official assured that her visit to Mexico was to express the real concerns of the Biden-Harris Administration about the possible negative impact of the energy reforms proposed by Mexico on US private investment in Mexico.

“The proposed reform could also hamper joint efforts by the United States and Mexico on clean energy and climate. We must maintain and improve open and competitive energy markets that benefit North America”, he exposed.

In her various meetings with senior Mexican leaders, including President Andrés Manuel López Obrador, as well as with industry, legislators and civil society, the Minister of Energy trusted that they assured her that Mexico is committed to supporting the clean energy and resolve current disputes with energy projects within the rule of law.

And it is that, according to the projections of the government of the neighboring country to the north, Mexico is blessed with a large amount of potential renewable energy that, if fully realized, could power its own country at least 10 times more, create millions of well-paying jobs and develop a export industry extraordinary oriented to a world that needs clean energy.

“We have expressed our enthusiasm to work with the Mexican government to advance its climate goals and grow a competitive and diversified clean energy economy,” said the official, “among other priorities, we want to explore collaboration in the development of geothermal energy , the integration of renewable energies in the network, the reduction of methane and rural electrification”.

Finally, he reiterated that Mexico it is its second largest trading partner and US companies are the largest investors in Mexico, so there is a fundamental interest in the Biden-Harris administration that Mexico and its people have a good future.

karol.garcia@eleconomista.mx

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