Mexico Presidential Nominee Says She Won’t Privatize Pemex

  • Xochitl Galvez said she wants to modernize the energy industry
  • President AMLO blasted her business-friendly proposals
Senator Xochitl GalvezPhotographer: Alicia Vera/Bloomberg
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Mexican opposition presidential candidate Xochitl Galvez said she doesn’t plan to privatize the state-owned oil company Petroleos Mexicanos, contradicting recent comments by President Andres Manuel Lopez Obrador.

Galvez said she also won’t privatize the utility Comision Federal de Electricidad. Her plan is to modernize both companies and protect the planet with the use of “cheap, clean and efficient energy.”