Mexico’s Sheinbaum to Expand Federal Control Over Energy Giants
- Energy bill seeks to align Pemex, CFE with government goals
- Ruling coalition holds majority to pass bill in lower house
Claudia Sheinbaum
Photographer: Stephania Corpi/BloombergThis article is for subscribers only.
Mexican President Claudia Sheinbaum would gain increased control over Pemex and the national electricity utility under legislation that’s expected to win approval.
The Chamber of Deputies, Mexico’s lower house of Congress, on Wednesday began discussions on reclassifying Petroleos Mexicanos and Comision Federal de Electricidad from “state productive companies” to “public companies.” The change would force the companies to prioritize the government’s social and economic objectives over corporate profits.