AMLO's Oil-Heavy Energy Policies Face Scrutiny

Mexico’s President Andres Lopez Manuel Obrador (AMLO) has bet big on oil and gas since his inauguration in 2018 but the sector continues to be plagued by poor standards and high levels of debt, leading many to question his choices. While Mexico’s state-owned oil company Pemex has racked up huge levels of debt and repeatedly failed to improve its safety and environmental standards, the renewable energy industry has been swept aside, leaving Mexico’s energy sector in tatters.  In August, Fitch Ratings said that Mexico's Pemex…