Canadian Ambassador to Mexico

The Electrical reform What does the president intend to promote? Andres Manuel Lopez Obrador at the Congress of the Union is a factor annoying” in relationship with United States and Canadasaid the ambassador canadian in Mexico, Graeme C Clark.

It is an irritant in relations between Mexico and the United States and between Mexico and Canada. I travel across the country, I am very aware of the concerns of the Canadian private sector,” said the Canadian ambassador at the 2022 Summit of the Mexican Association of Private Capital.

clark pointed out that there is uncertainty in the foreign private sector about what will happen to their investments in Mexico following the said electricity reform, which will begin to be discussed in the month of April in the House of Representatives.

“Here, there are four billion dollars of Canadian investment in the renewable energy sector. We have a manufacturing sector, mining, in all these sectors there are certain concerns, especially on the issue of energy reform,” he said.

The Canadian diplomat stressed that they will be aware of the evolution of the discussion in the Mexican Congress so that what is established in the USMCA and the Paris Agreement.

President López Obrador wants a constitutional reform to be approved in Congress that would limit private participation in electricity production to 46%, eliminate autonomous energy regulators, cancel all self-supply contracts and give the priority to the dispatch of fossil fuel power plants. Federal Electricity Commission (CFE) on private renewable energies.

The reform, which must be approved by two-thirds of legislators in April, is causing enormous controversy among businessmen and analysts.

With information from López-Dóriga Digital

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