Fluvio Ruíz Alarcón, Mexico-based oil and gas analyst: “After exhausting the agro-export model of economic development in the 1970s, the state transformed Pemex into a resource accumulator. From being a fundamentally secure energy supplier, Pemex became the country’s main source of tax revenue. Thus, the economic resources generated by the oil company have been used for decades as a substitute for a progressive fiscal reform, and Pemex ended up becoming a kind of indirect mechanism through which to appropriate oil income by big capital. Pemex’s role as the main source of tax revenue has been exacerbated since the economic crisis of 1982. Its tax burden has surpassed, year after year, 100 percent of its operating performance. Pemex has had to borrow just to pay off taxes and duties to the ministry of finance. In fact, until 2014, Pemex was obliged to pay the treasury a daily, weekly as well as monthly amount. In addition,…”
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A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.
Gene Kuleta
Editor
P. 202.463.2920
E. gkuleta@thedialogue.org
Carl David
Goette-Luciak
Reporter
Nili Blanck
Reporter
Nigel Blackaby
Global Head, International Arbitration Group,
Freshfields Bruckhaus Deringer
Jimena Blanco
Chief Analyst,
Verisk Maplecroft
María José Cortés
Head of ESG,
Atlas Renewable Energy
Jeffrey Davidow
Senior Counselor,
The Cohen Group
Analia Gonzalez
Leader, Arbitration & Litigation,
Laitn America, BakerHostetler
Jonathan C. Hamilton
Partner,
White & Case
Raul Herrera
Partner, Corporate &
Securities Practice,
Arnold & Porter
James R. Jones
Chairman,
Monarch Global Strategies
Jorge Kamine
Partner, Corporate &
Financial Services,
Willkie Farr & Gallagher
Craig A. Kelly
Senior Director,
Int’l Government Relations,
Exxon Mobil
Jeremy Martin
Director,
Energy Program,
Institute of the Americas
Larry Pascal
Chairman, Americas
Practice Group,
Haynes & Boone
R. Kirk Sherr
President,
Clearview Strategy Group
Daniela Stevens
Director,
Energy Transition and Climate Program,
Inter-American Dialogue
Doris Rodríguez
Partner,
Hunton Andrews Kurth
Alexandra Valderrama
Director,
International Government
Affairs, Chevron
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