REACTION: AMLO’s Energy Reform Rejected
The Mexican president's landmark legislation failed to achieve a necessary supermajority in Congress.
Mexican President Andrés Manuel López Obrador suffered one of the most significant defeats of his term yesterday when legislators rejected his proposed overhaul of the country's electricity sector. Critics said the changes would have stymied investment and set back renewable energy production. López Obrador, or AMLO as he is widely known, claimed the reforms were necessary to ensure Mexican energy sovereignty. The constitutional change, which among other things would have given state utility CFE priority over private firms in electricity production, needed a two-thirds majority for...
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