With President Donald Trump out of the way, the assault against Mexico’s energy sovereignty and its President, Andrés Manuel López Obrador, has begun in earnest. The City of London, Wall Street rating agencies and press organs, the “climate crisis” mafia, the U.S. Chamber of Commerce, and others of this ilk have joined the energy multinationals in threatening President López Obrador, that if he proceeds to reassert the government’s predominant role over energy production and supply, economic warfare will be unleashed against Mexico.
Expectations have been high that the Biden government would back the foreign private interests, unlike President Trump, who ignored such demands. In an editorial today ("Mexico’s Dangerous Addiction to Fossil Fuels; López Obrador Has an Outdated, State-Led Vision for the Energy Market"), the Editorial Board of London’s Financial Times ordered the Biden team to get moving. “The Biden administration should lose no time in reminding Mexico of its international obligations on trade and climate change,” they wrote.
The first shot of the offensive was fired on Jan. 31, by Wall Street Journal Americas hatchet-woman, Mary Anastasia O’Grady, who labeled AMLO a “strongman” and “demagogue” comparable to Venezuela’s Hugo Chávez, out to “centralize power.”
The pile-on then took off when AMLO sent to Congress the next day his long-announced bill to roll-back the provisions of the 2014 energy privatization reform which forces the Federal Electricity Commission to prioritize purchase from highly-subsidized foreign wind and solar companies over the more reliable electricity produced by state-owned hydroelectric, oil and gas, and nuclear plants.
