Fecha Publicación: 18-08-2022

Mexico’s statist agenda of energy nationalism is generating tensions with its trade partners. Recently, U.S. Trade Representative Katherine Tai requested dispute settlement consultations under the U.S.-Mexico-Canada Agreement.

President Andrés Manuel López Obrador’s policy is a significant step backward for regional competitiveness, growth and North American energy integration.

López Obrador’s success in selling his counter-reformation crusade to return to a state-sponsored monopoly in hydrocarbons and electricity appeals to what he interprets as apprehension of foreign investment in extractive sectors, and a nostalgia for the expropriation of private oil interest undertaken by Lázaro Cárdenas in 1938 — an episode revered by popular folk wisdom in the country. Not surprisingly, he has chosen Sept. 16 — Mexico’s Independence Day — as the theatrical setting to issue a “response” to complaints levied by the U.S. and Canada.

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