Mexican leftist leader Andrés Manuel López Obrador has a message to foreign oil tycoons: investing in Mexico’s oil industry “would be like buying goods without a receipt, something crooked, tantamount to piracy.” In a letter to ExxonMobil ( NYSE: XOM) CEO Rex W. Tillerson, the two-time Presidential candidate warned that the Mexican Constitution prohibits the participation of private companies in the oil industry.
Mexican Leftist Leader López Obrador Warns ExxonMobil: Investing In Mexico’s Oil “Tantamount To Piracy”November 12, 2013
Letters have been sent to foreign oil companies, advising them of the opposition in Mexico to the energy industry reforms proposed by the government in August, leftist leader Andres Manuel Lopez Obrador said.
ExxonMobil Corp. chairman and CEO Rex Tillerson was told in a letter that the Mexican Constitution prohibits the participation of private companies in the oil industry, the former presidential candidate said.
Leftist leader Andres Manuel Lopez Obrador urged senators from Mexico’s largest opposition parties at a rally over the weekend to form a coalition to vote against the energy and tax reforms proposed by the Peña Nieto administration.
Senators from the leftist Party of the Democratic Revolution, or PRD, and the conservative National Action Party, or PAN, should vote “with absolute independence, as true representatives of the people,” against the reforms proposed by President Enrique Peña Nieto, Lopez Obrador said in a address delivered to thousands of his supporters in Mexico City’s Zocalo plaza on Sunday.
A total of 421,233 people have signed a petition calling on the government to hold a referendum on Mexico’s proposed energy industry reforms, former presidential candidate Andres Manuel Lopez Obrador said Monday.
The campaign will continue in an effort to reach 1 million signatures by Oct. 27, when the leftist National Regeneration Movement, or Morena, holds its convention, Lopez Obrador said during a press conference in the Gulf city of Veracruz.
On May 7th Enrique Peña Nieto, Mexico’s president, showed off some of the fancy political footwork that days before had earned him the gushing endorsement of his first visiting head of state, Barack Obama. Flanked in the National Palace by leaders of Mexico’s three main political parties, he resurrected an ambitious reform programme that a scandal in his Institutional Revolutionary Party (PRI) had threatened to derail.
Notwithstanding finger-wagging by opposition leaders, Mr Peña persuaded them to restart a tri-party political pact that is the crown jewel of his five-month-old administration. On May 8th the pact was put into action when the government sent a package of bills to Congress to increase bank lending and competition. Next it hopes to liberalise the state-strangled oil industry and raise taxes broadly. Eventually, as Mr Obama succinctly put it, the aim is for Mexicans to make it through each day without paying a bribe.
Mexico City was once feared as being the most dangerous city in the planet. A new network of security cameras, and a focus on community police-work and patrols, have helped entrepreneurs, restaurant owners, and young professionals out of a decade of stalled urban renewal programs, and fostered the emergence of a vibrant nightlife. As street gangs have receded to fringe neighborhoods, crime has fallen, and many late night partiers have a different concern: the fear of being detained at the breathalyzer checkpoints.
Starting in 2000 with the election of leftist politician Andres Manuel Lopez Obrador as Mexico City’s mayor, the city began investing in a series of innovative social programs. Shannon O’Neil, a Mexico expert from the Council on Foreign Relations, explained that Marcelo Ebrard, who was mayor between 2006 and 2012, and his predecessor, Obrador, “went street by street in the Centro Historico and got rid of the ambulantes [unregistered street vendors]. It’s a variant of the broken windows theme.” Ebrard also told the police to focus on ticketing drivers who neglected to wear seatbelts. He installed security cameras throughout the city, and set up the alcoholímetro checkpoints to crack down on drunk driving.