He mexican government He reported that stopped a request for international arbitration against the country filed in the matter of renewable energies by Canadian investment funds Caisse de dépôt et placement du Québec (CDPQ) and CDP Infrastructure Group.

The complaints were registered on December 15 before the International Center for Settlement of Investment Disputes (ICSID)of the World Bank, according to the organization's website, and invokes the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (TIPAT).

There Secretary of Economy reported in a press release the agreement reached to “seek a satisfactory solution without having to resort to the investor-State dispute settlement mechanism”, in accordance with the TIPAT (Comprehensive and Progressive Agreement for Trans-Pacific Partnership).

He added that the claim was initially filed by the two Canadian funds on November 27 “for its own account and on behalf of certain companies incorporated in Mexico“, whose identity is not detailed, and was only registered in the middle of this month.

The lawsuit concerned the “electrical and other energy” sectors and was directed against the General Directorate of Legal Advice for International Trade of the Mexican secretariat, according to the ICSID.

“There The Ministry of the Economy reiterates its commitment to dialogue between companies to find a solution within the framework of those established in the Treaty”, concludes the press release from the government agency.

In 2015after energy reform, when a consortium made up of Mexican investors grouped by CKD Infrastructure Mexico They agreed to create a joint co-investment project for infrastructure projects in the country.

In which Box wanted to invest approximately more than 17 billion pesos, the same amount as MRC.

“We invest constructively to generate long-term sustainable returns. “As a global investment group that manages funds for public pension and insurance plans, we work with our partners to build businesses that drive performance and progress. » describes the context.

“We are active in major financial markets, private equity, infrastructure, real estate and private debt. The net assets of the Fund amount to 424 billion Canadian dollars,” he added.

During his term, which began in 2018 and will end in 2024, President

Andrés Manuel López Obrador

promoted legal changes in favor of the state

Federal Electricity Commission (CFE),

giving it dominance over foreign and renewable energy companies, some of them

Canada

.

In response to concerns from Canadian renewable energy companies, Lopez Obrador spoke on this subject in January with the Prime Minister of the North American country, Justin Trudeau during a meeting in the Mexican capitalwhere he then received representatives of several companies from this country.

An official close to the matter then said that the companies in question would have been the pension fund The Caisse de dépôt et placement du Québec (CDPQ)ATCO Ltd ACOx.TO, Northland Power and Canadian Solar Inc CSIQ.O.

Canada and the United States They also requested dispute resolution consultations with Mexico in July 2022, arguing that López Obrador's nationalist energy policies violated the North American trade agreement. T-MEC.

MRA

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