The perfect storm of the plummeting oil price and the Covid-19 pandemic could have dire consequences for oil-dependent Latin American economies, lead to a reduction in upstream investment, and damage the prospects for renewable energy projects.
President Andrés Manuel López Obrador has shaken up Mexico’s energy industry even more than anticipated. Nate Graham, assistant for the Energy Program, posed some questions to non-resident senior fellow Héctor Castro Vizcarra to discern where the country’s energy sector is headed.
Mexico’s government this month approved supporting secondary legislation that will provide additional direction for the country’s energy reforms.
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