Mexico Says No to Private Energy

Mexico, Dec 21 (Prensa Latina) The Mexican Union of Electricians (SME) demanded that President Felipe Calderon’s Government lay off a privatizing project of energy or they will bring the nation to a halt.

ó If we do not receive a viable response to the demand, the sectors opposed to privatization of petroleum and electricity will get together and protest campaigns and maybe go on strike, ó warned SME

In declarations to the press the foreign and Interior secretaries of the Union, Fernando Amezcua and Jose Humberto Montes de Oca, repectively, emphasized that foreign transnational are just waiting to get into Mexican Petroleum (PEMEX).

ó In view of this situation, we follow a policy of alliance with other organizations like the Mexican Trade Union Front, the National Talk, and the Democratic National Convention, ó clarified Amezcua and Montes de Oca.

The patrimonial opening would bring foreign consortiums and sectors in power, profits that would mean handing over hydrocarbon and energy to private capital.

Despite the opposition of political parties and Mexican society to PEMEX’s privatization the Energy Commission is studying ways to protect multinational.

The Revolutionary Democratic Party (PRD) at the senate announced it will try to prevent at all cost PEMEX denationalization so as not to eliminate a constitutional ban that prevents giving the sector to foreign companies.

Tags: energy investments

This entry was posted on Friday, December 21st, 2007 at 3:27 pm and is filed under Mexico, oil supply. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.