Politics
AMLO’s Clash With Business Spreads to Mexico’s Renewables Sector
- The president says he’ll defend the nation’s power industry
- Business groups, Canada, E.U. want AMLO to revoke new rule
Andres Manuel Lopez Obrador
Photographer: Alejandro Cegarra/BloombergThis article is for subscribers only.
Mexico’s power market is the latest battleground in a worsening clash between the country’s business elite and President Andres Manuel Lopez Obrador, after the government fast-tracked new rules that put billions of dollars in clean energy investment at risk.
Lopez Obrador said he’ll defend the national power industry after the country’s top business lobby group, known as the CCE, called on the government to revoke the measures and threatened legal action.