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I'm from Mexico. Given the landscape with energy worldwide, the current president has been overhauling the energy sector to keep foreign influence low. It makes
by aylmao 3y ago
I'm from Mexico. Given the landscape with energy worldwide, the current president has been overhauling the energy sector to keep foreign influence low. It makes sense in the current geopolitical climate, which really shook the energy market worldwide. I mean, France straight-up nationalized Electricite de France for example [1].
The USA is not happy about this [2]. Understandably, this affects American companies' business in the country. The USA is happy do take action in defense of its national security and its national industries, but fights back when other countries do the same.
[1]: https://www.neimagazine.com/news/newsfrench-government-wins-court-approval-for-edf-nationalisation-10830185#:~:text=In%202022%2C%20President%20Emmanuel%20Macron,government%20cap%20on%20electricity%20prices https://www.neimagazine.com/news/newsfrench-government-wins-....
[2]: https://www.aljazeera.com/news/2023/1/6/whats-behind-the-energy-spat-between-the-us-canada-and-mexico https://www.aljazeera.com/news/2023/1/6/whats-behind-the-ene...