The Mexico Institute’s “Weekly News Summary,” released every Friday afternoon summarizes the week’s most prominent Mexico headlines published in the English-language press, as well as the most engaging opinion pieces by Mexican columnists.
What the English language press had to say…
This week the Washington Post noted that Mexico’s Senate passed the most dramatic political reform attempt in decades which would allow re-election of federal legislators, create new election oversight and make the Attorney General’s office independent from the executive. It also highlighted that the Senate is moving on to energy reform, which is considered the most critical part of the reform package that President Enrique Peña Nieto is pushing to have passed before the end of this year. The Economist noted that it will be difficult for Mexico´s left to stop the Energy Reform after Andrés Manuel Lopez Obrador suffered a heart attack on December 3rd. His absence weakened a blockade of the Senate that he had promised. Meanwhile, the Financial Post was not enthusiastic over the Energy Reform. In an article published this week, it argued that that even if the proposed reform is passed within a year, it could take up to 10 years for production to begin in the deep-sea reserves. Additionally, the profit-sharing contracts may not be as profitable as anticipated, as the terms under the proposal stipulate that foreign companies would receive a share of the revenues from the fields, rather than the oil and gas to sell themselves.
In another note, the BBC reported on Wednesday that a truck carrying medical radioactive material had been stolen near Mexico City. Mexico’s Nuclear Security Commission said that at the time of the theft, the cobalt-60 teletherapy source was “properly shielded”. Nonetheless, the Washington Post noted on Thursday, that the theft of the material sparked international concern over the possibility that the cobalt-60 could be used in a “dirty bomb.” By Wednesday afternoon, the same news outlet reported that authorities had found the stolen the radioactive material. The National Journal claimed that after the theft, a group of critics questioned if the International Atomic Energy Agency’s radiological security rules were enough for securing radioactive materials.
Continue reading “Senate Passes Political Reform – Energy Reform Next, Stolen Radioactive Material, and Mexico´s Competitiveness vis-à-vis China – Weekly News Summary: December 6”