After a disappointing showing in Mexico’s recent mid-term elections, President Andrés Manuel López Obrador (commonly referred to as AMLO) and his party (i.e., Movimiento Regeneratión National or MORENA, commonly referred to as Morena) will face greater hurdles to unwinding “la Reforma Energética” (2013 Energy Reforms), the energy policy reforms adopted by the then-ruling party, the Partido Revolucionario Institucional (PRI). Notwithstanding the unfavorable outcome for Morena, shortly after the election AMLO vowed to continue his efforts aimed at shifting Mexico back towards energy nationalism and prioritization of fossil fuels; goals at the heart of AMLO’s campaigning for Morena leading up to the mid-term elections. Although retaining a majority in the Chamber of Deputies and gaining some new state governors, Morena lost its supermajority and, as a result, very likely also lost the opportunity to implement constitutional changes to reverse the 2013 Energy Reforms and achieve its goal of a nationalized energy sector in Mexico.
To read the full article please visit the Nickel Report.