Mexican regulators are clamping down on private investment in the energy sector in the latest attempt by the nationalist government to protect state oil and utilities companies, according to documents seen by the Financial Times.
The move escalates months of government efforts to abruptly change the rules in the sector that have soured investor sentiment, sparked a flood of injunctions and raised the prospect of litigation under international trade treaties, including the new North American trade pact, USMCA.
According to the documents, the energy regulator CRE is implementing an appeal issued by President Andrés Manuel López Obrador to regulators last month to ban new energy permits — a move that covers everything from renewables generation to petrol stations.
Full article Mexico clamps down on private players in energy sector
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