Editor s Choice MENA – Umm al Quwain IWP | News+
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GridWise Alliance Renews Call for Congress to Make Significant Investments In Nation s Electric Grid
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Posted on May 7, 2021.
It was just a matter of time. Less than three months into the administration of Democrat Joe Biden, the U.S. has turned its attention to the economic and energy situation in Mexico.
Through the Treasury Department, the U.S. government presented its semiannual report on the financial policies of its main trading partners. In the report, the Biden administration sees the erratic policy of the Mexican federal government in the energy field as a threat to the recovery and growth of Mexico.
The report laments the fact that our country marginalizes and disparages renewable energy options while giving priority to what are described as “loss-making state-owned enterprises,” namely government entities in the energy production area like Mexican Petroleum or the Federal Electricity Commission. The Mexican government is trying to give these companies favorable treatment in the belief that in so doing, their market power in the energy sector will be assured.