Mexico to ban gasoline oxygenated with ethanol in three urban centers

08/24/16 Reuters

Mexico-pollutionMexico will ban the sale of gasoline oxygenated with ethanol beginning in late October in three major urban centers as part of a push to combat the worst pollution in over a decade due to high concentrations of ozone in the atmosphere, government officials say.

While Mexico opened to the door to such imports in April, such a blend of ethanol and gasoline is not yet present in the Mexican market. State oil company Pemex says it neither produces nor imports gasoline oxygenated with ethanol.

 

Mexico Oil Regulators Approve Bidding Process for 12 Exploration Blocks

08/23/16 The Wall Street Journal

oil wellMEXICO CITY—Mexican oil regulators on Tuesday approved a bidding process for a dozen exploration and production areas containing mostly natural gas, the sixth auction since the country opened the industry to private and foreign investment.

The auction includes 12 onshore blocks, nine in the Burgos basin of northern Mexico and three in the south of the country. Contracts are for 30 to 40 years, including exploration, development and production periods.

Read more…

Complaints on the rise against Mexico’s CFE

08/22/2016 BNamericas

Cuatro Cienegas - Circle of Blue

State power utility CFE is one of the leading Mexican companies when it comes to customer complaints.

Federal consumer protection agency Profeco says 4% of the complaints it fields are against the utility, mainly about its metering system and billing. Complaints against CFE rose to 29,002 last year, 11% higher than in 2014, which in turn saw a 38% rise from 2013.

Read more…

Mexico says it has nearly completed 2017 oil hedge

08/16/16 Reuters

Mexico has nearly completed its oil hedging program for 2017, the country’s finance minister said on Tuesday, adding that what is considered to be the world’s biggest sovereign oil derivatives trade began in mid-June.

Luis Videgaray gave no details on how much crude Mexico was hedging, how much it spent or the average price it paid.

“We have advanced in an important way, we still haven’t finished the process but the vast majority of the options, that is to say the hedge, have already been acquired,” Videgaray said at an event in the northern city of Monterrey.

Read more…

 

Mexico announces launch of cap-and-trade pilot program

08/15/16 Reuters

 

Mexico-pollutionMEXICO CITY Mexico will launch a year-long simulation of a cap-and-trade program in November, Mexican officials said on Monday, in a test run for a national carbon market expected to launch in 2018.

The pilot program will involve the voluntary participation of up to 60 companies, giving them a chance to adapt to a forthcoming carbon credit system in which polluters will be obligated to offset emissions with tradeable certificates.

Read more…

In Mexico, it’s avocado farms vs. the forest

08/10/2016 CBS

avocadoMEXICO CITY – Americans’ love for avocados and rising prices for the highly exportable fruit are fueling the deforestation of central Mexico’s pine forests as farmers rapidly expand their orchards to feed demand.

Avocado trees flourish at about the same altitude and climate as the pine and fir forests in the mountains of Michoacan, the state that produces most of Mexico’s avocados. That has led farmers to wage a cat-and-mouse campaign to avoid authorities, thinning out the forests, planting young avocado trees under the forest canopy, and then gradually cutting

Read more…

Rising avocado prices fuelling illegal deforestation in Mexico

08/10/16 The Guardian

avocadoThe popularity of the avocado in the US and rising prices for the “superfood” are fuelling deforestation in central Mexico.

Mexican farmers can make much higher profits growing avocados than from most other crops and so are thinning out pine forests to plant young avocado trees. Once the avocado trees grow, they cut back the forest even more to give them more sunlight.

Read more…