RIO DE JANEIRO, BRAZIL - On Thursday, January 21st, Mexico’s president forcefully defended his drive to strengthen the state’s role in the energy sector, seeking to downplay hopes he might cede ground under a new U.S. administration which investors hope will defend their rights.
Arguing the last government skewed the market in favor of private companies, President Andres Manuel Lopez Obrador has worked to help state oil firm Petroleos Mexicanos (PEMEX) and power utility commission (CFE).
His regulatory interventions have upset some of Mexico’s allies, including the United States, Canada and several European countries, and angered investors . . .