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Kerry's climate gamble


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Top U.S. oil lobby slams Mexico energy policies as undermining USMCA, discriminatory


Top U.S. oil lobby slams Mexico energy policies as undermining USMCA, discriminatory
Reuters
5/6/2021
MEXICO CITY, May 6 (Reuters) - The top American oil lobby is urging the U.S. government to raise concerns about Mexican President Andres Manuel Lopez Obrador s energy policies, which it said are undermining investor confidence and violate Mexico s trade commitments.
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In a letter to senior U.S. officials dated May 5, the American Petroleum Institute (API) criticized recent amendments to the power industry and hydrocarbons laws that favor of Mexican state energy companies at the expense of others.
The common denominator of both laws is to hinder new private investment in the energy sector as well as destroy the value of already operating private assets in violation of Mexico s commitments under the new United States-Mexico-Canada Agreement (USMCA), it said. ....

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