Mexico’s Lower House Passes Nationalist Electricity Bill

02/24/2021

Source: Bloomberg

Mexico’s lower house of congress approved a controversial electricity bill that prioritizes the state utility above private renewable companies in the latest nationalist move for the country’s energy market.

The bill, proposed by President Andres Manuel Lopez Obrador, was approved without any changes in the early morning on Wednesday, with 289 votes in favor, 152 opposed and one abstention. It will now be taken up by the senate, where the ruling Morena party and its allies have a majority.

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