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The documents showed that the government also labeled as part of its climate change efforts items as disparate as Navy security operations and distributing fortified milk among the rural poor. Of this, Pemex spent 5.6 billion pesos on climate change and 1.3 billion pesos on the energy transition in the same period, the public accounts show. "Mexico started really strong," said Maria Jose de Villafranca, the lead researcher for Mexico at Climate Action Tracker. The government did not make officials available to discuss its climate change plans. Mexico has not released information about its strategy, which has been criticized by climate change experts as non-compliant with the Paris Agreement.

Persons: Gustavo Graf, Andres Manuel Lopez Obrador, Lopez Obrador, Lopez Obrador's, Pemex, Victor Gomez, Gomez, Maria Jose de Villafranca, There's, Jason DeVito, Stefanie Eschenbacher, Simon Jessop, Dave Graham, Claudia Parsons Organizations: REUTERS, MEXICO CITY, Reuters, United, CFE, United Nations, Navy, Federated Hermes, Thomson Locations: El Bosque, Mexico, MEXICO, DUBAI, United States, Paris, United Nations, Dubai, CFE, Mexico City

☆ Musk's Starlink secures $90 mln contract to offer free internet in Mexico
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

SpaceX founder and Tesla CEO Elon Musk speaks on a screen during the Mobile World Congress (MWC) in Barcelona, Spain, June 29, 2021. REUTERS/Nacho Doce/File Photo Acquire Licensing RightsMEXICO CITY, Nov 15 (Reuters) - Starlink, the satellite internet service of billionaire Elon Musk, has secured a 1.56 billion peso ($89.80 million) contract to offer free internet in Mexico until the end of 2026, a Mexican government official said on Wednesday. Mexico has signed contracts for free internet with nine companies, including Starlink, Calderon added. Starlink is also set to provide infrastructure for Mexico's state energy firm through December 2026, according to documents seen by Reuters. The contract to work with Mexico's Comision Federal de Electricidad (CFE) is valued at between 887.5 million pesos and 1.8 billion pesos.

Persons: Elon Musk, Nacho, Musk's, Carlos Emiliano Calderon, Calderon, Raul Cortes Fernandez, Sharon Singleton Organizations: SpaceX, Mobile World Congress, REUTERS, MEXICO CITY, Starlink, Reuters, Mexico's Comision, Thomson Locations: Barcelona, Spain, MEXICO, Mexico

☆ NATO allies condemn Russia's withdrawal from CFE treaty, will suspend its operation
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

Russia's withdrawal is the latest in a series of actions that systematically undermines Euro-Atlantic security," said NATO in a statement. "Therefore, as a consequence, Allied States Parties intend to suspend the operation of the CFE Treaty for as long as necessary, in accordance with their rights under international law. This is a decision fully supported by all NATO Allies." Earlier on Tuesday, Russia had formally withdrawn from this landmark security treaty which limited key categories of conventional armed forces, blaming the United States for undermining post-Cold War security with the enlargement of the NATO military alliance. Reporting by Benoit Van Overstraeten; Editing by Sudip Kar-GuptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Alexey Pavlishak, Benoit Van Overstraeten, Sudip Kar Organizations: REUTERS, Rights, NATO, Conventional Armed Forces, Allied, NATO Allies, Gupta, Thomson Locations: Russian, Ukraine, Yevpatoriya, Crimea, Russia, Rights BRUSSELS, Europe, CFE, United States

☆ US must pull out of CFE arms treaty -White House
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: 1 min

White House National Security Council Strategic Communications Coordinator John Kirby takes part in a press briefing held by White House Press Secretary Karine Jean-Pierre at the White House in Washington, U.S., October 31, 2023. REUTERS/Leah Millis/File Photo Acquire Licensing RightsWASHINGTON, Nov 7 (Reuters) - There was no way for the U.S. to stay in the Treaty on Conventional Armed Forces in Europe, a key post-Cold War agreement, after Russia pulled out, White house national security spokesman John Kirby said on Tuesday. "I don't know how we can justify not pulling out" of the treaty after Russia did, Kirby said. He said the U.S. will meet all Article Five commitments to NATO allies, which could force changes. Reporting by Trevor Hunnicutt Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

Persons: John Kirby, Karine Jean, Pierre, Leah Millis, Kirby, Trevor Hunnicutt, Chris Reese Organizations: White, National Security Council Strategic Communications, White House Press, REUTERS, Rights, Conventional Armed Forces, NATO, Thomson Locations: Washington , U.S, Europe, Russia, U.S

☆ Russia formally withdraws from key post-Cold War European armed forces treaty
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

[1/2] Deputy head of Russia's Security Council and chairman of the United Russia party Dmitry Medvedev visits the Raduga State Machine Building Construction Bureau named after A. Bereznyak in Dubna, Moscow region, Russia February 2, 2023. Sputnik/Yekaterina Shtukina/Pool via REUTERS/File Photo Acquire Licensing RightsNov 7 (Reuters) - Russia formally withdrew on Tuesday from a key post-Cold War security treaty designed to de-escalate potential East-West conflicts, in a latest sign of rising tensions between Russia and NATO. "At 00:00 on November 7, 2023, the procedure of Russia's withdrawal from the CFE (Treaty on Conventional Armed Forces in Europe), was completed," Russia's foreign ministry said in a statement on its website. Russia suspended its participation in the treaty in 2007 and halted active participation in 2015. "Thus, the CFE Treaty in its original form lost touch with reality."

Persons: Dmitry Medvedev, Vladimir Putin, Dmitry Peskov, Lidia Kelly, Gerry Doyle Organizations: Russia's Security, United, Sputnik, NATO, CFE, Conventional Armed Forces, Thomson Locations: United Russia, Dubna, Moscow region, Russia, Europe, Warsaw, Ukraine, United States, CFE, Melbourne

☆ Musk's Starlink wins bid to roll out Mexico's rural satellite internet -documents
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

SpaceX logo and Elon Musk photo are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsMEXICO CITY, Nov 6 (Reuters) - Starlink, the satellite internet service of billionaire Elon Musk's rocket manufacturer SpaceX, has won a tender from Mexico's state energy firm to provide services through December 2026, according to documents seen by Reuters on Monday. The contract is valued between 887.5 million pesos ($51 million) and 1.8 billion pesos ($101 million), according to the decision from Mexico's Comision Federal de Electricidad (CFE). Starlink's bid beat out those of two other companies because it "offered the best conditions in terms of price," the document said. The contract would provide infrastructure for CFE's rollout of internet access throughout rural Mexico, according to a separate document seen by Reuters, a draft contract from CFE.

Persons: Elon, Dado Ruvic, Starlink, Adriana Barrera, Kylie Madry, Matthew Lewis Organizations: SpaceX, REUTERS, MEXICO CITY, Reuters, Comision, CFE, Thomson Locations: MEXICO, Mexico

☆ Russia Formally Withdraws From Key Post-Cold War European Armed Forces Treaty
▼ + stars: | 2023-11-06 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

(Reuters) - Russia formally withdrew on Tuesday from a key post-Cold War security treaty designed to de-escalate potential East-West conflicts, in a latest sign of rising tensions between Russia and NATO. "At 00:00 on November 7, 2023, the procedure of Russia's withdrawal from the CFE (Treaty on Conventional Armed Forces in Europe), was completed," Russia's foreign ministry said in a statement on its website. Russia suspended its participation in the treaty in 2007 and halted active participation in 2015. "The CFE Treaty was concluded at the end of the Cold War, when the formation of a new architecture of global and European security based on cooperation seemed possible, and appropriate attempts were made," the Russian foreign ministry said. "Thus, the CFE Treaty in its original form lost touch with reality."

Persons: Vladimir Putin, Dmitry Peskov, Lidia Kelly, Gerry Doyle Organizations: Reuters, NATO, CFE, Conventional Armed Forces Locations: Russia, Europe, Warsaw, Ukraine, United States, CFE, Melbourne

[1/4] People leave with goods from a supermarket that had been broken into in the aftermath of Hurricane Otis, in the outskirts of Acapulco, Mexico, October 26, 2023. Mexico has sent some 17,000 members of the armed forces to keep order and help distribute tons of food and supplies in Acapulco. "The 15 billion (pesos) should go the victims in Acapulco," Lopez Obrador told reporters during a regular press conference, referring to the funds held in the trusts. Mexico has scrambled to send supplies and keep order in Acapulco, where residents are still searching for missing loved ones since the Category 5 hurricane barreled ashore. Lopez Obrador, who has vigorously rebuffed criticism of the government's response to the hurricane, had said he expected electricity to be fully restored in Acapulco by Tuesday.

Persons: Hurricane Otis, Alexandre Meneghini, Andres Manuel Lopez Obrador, Lopez Obrador, Guerrero, Otis, Jose Cortes, Josue, Stefanie Eschenbacher, Dave Graham, Alistair Bell, Jonathan Oatis Organizations: REUTERS, Rights, Senate, Tuesday, Thomson Locations: Hurricane, Acapulco, Mexico, Rights ACAPULCO, Guerrero

[1/4] People leave with goods from a supermarket that had been broken into in the aftermath of Hurricane Otis, in the outskirts of Acapulco, Mexico, October 26, 2023. Hurricane Otis last week hit Acapulco with winds of 165 miles per hour (266 km per hour), flooding the city, flipping roofs from homes and businesses, submerging vehicles, and severing communications as well as road and air connections. Mexico has sent thousands of armed forces members to keep order and help distribute tons of food and supplies. Acapulco residents are still searching for missing loved ones since the Category 5 hurricane hit with unexpected ferocity, far exceeding meteorologists' initial forecasts. State power utility CFE said on Tuesday morning one in four users in Guerrero hit by Otis was still without power.

Persons: Hurricane Otis, Alexandre Meneghini, Jose Luis Martinez, Andres Manuel Lopez Obrador, Abraham Moises Cano, Cano, Lopez Obrador, Guerrero, Otis, Jose Cortes, Josue, Casssandra Garrison Stefanie Eschenbacher, Dave Graham, Alistair Bell, Jonathan Oatis, Grant McCool Organizations: REUTERS, Rights, National Guard, Senate, Tuesday, Thomson Locations: Hurricane, Acapulco, Mexico, Rights ACAPULCO, del Sol, overpaid, Guerrero, Mexico City

ACAPULCO, Mexico, Oct 27 (Reuters) - Looting ravaged the Mexican city of Acapulco after the iconic beach resort was hammered this week by Hurricane Otis, a record-breaking storm that killed at least 27 people and left thousands of residents struggling to get food and water. [1/5]People walk among rubble in the aftermath of Hurricane Otis, in Acapulco, Mexico, October 27, 2023. 'WE WERE LUCKY'Mexican authorities said Otis was the most powerful storm ever to strike Mexico's Pacific coast. To evacuate tourists, an air bridge between Acapulco and Mexico City was being set up on Friday after authorities got the city's battered airport back up and running. Lopez Obrador urged insurance companies to speed up payouts.

Persons: Hurricane Otis, Otis, everything's, Rodolfo Villagomez, Andres Manuel Lopez Obrador, Lopez Obrador, Raul Busto Ramirez, Letitia Murphy, Neil Marshall, Murphy, Quetzalli, we're, Enki, Lopez, Pope Francis, Joe Biden, America Movil, Alexandre Meneghini, Jose Cortes, Diego Ore, Kylie Madry, Laura Gottesdiener, Natalia Siniawski, Dave Graham, Chizu Nomiyama, Bill Berkrot, Sandra Maler, Raju Gopalakrishnan Organizations: Reuters, REUTERS, Central America, LUCKY, Otis, America, Thomson Locations: ACAPULCO, Mexico, Acapulco, Guerrero, Acapulco's, Hurricane, British, State, Mexican, Mexico City, Monterrey, Gdansk

☆ Mexico clears up wreckage of Hurricane Otis, counts cost of damage
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, Oct 26 (Reuters) - Mexican soldiers and rescue workers on Thursday scrambled to clear up the chaos and devastation wrought by Hurricane Otis in Acapulco as the government worked to bring relief to the battered southern beach resort. Nearly 8,400 members of Mexico's army, air force and national guard were deployed in and near Acapulco to assist in cleanup efforts, the defense ministry said. [1/5]People stand near street stalls damaged by Hurricane Otis near the entrance to Acapulco, in the Mexican state of Guerrero, Mexico, October 25. Mexico's state power utility CFE had over 1,300 employees working to restore power, it said on Wednesday evening, when some 300,000 people remained without electricity. "Now a Category 5 hurricane in Acapulco takes us by surprise," Jimenez Pons said.

Persons: Hurricane, Otis, Evelyn Salgado, Hurricane Otis, Henry Romero, Rogelio Jimenez Pons, Jimenez Pons, Brendan O'Boyle, Lizbeth Diaz, Kylie Madry, Miral Organizations: MEXICO CITY, REUTERS, Management Solutions, CFE, Mexico City, Thomson Locations: MEXICO, Acapulco, Guerrero, Mexican, Mexico

☆ Mexico Clears up Wreckage of Hurricane Otis, Counts Cost of Damage
▼ + stars: | 2023-10-26 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

MEXICO CITY (Reuters) - Mexican soldiers and rescue workers on Thursday scrambled to clear up the chaos and devastation wrought by Hurricane Otis in Acapulco as the government worked to bring relief to the battered southern beach resort. Mexico's state power utility CFE had over 1,300 employees working to restore power, it said on Wednesday evening, when some 300,000 people remained without electricity. The port city's international airport was closed, after Otis wrecked the control tower, cut telecommunications, and left access roads blocked. "Now a Category 5 hurricane in Acapulco takes us by surprise," Jimenez Pons said. (Reporting by Brendan O'Boyle, Lizbeth Diaz and Kylie Madry; Writing by Brendan O'Boyle; Editing by Miral Fahmy)

Persons: Hurricane, Otis, Evelyn Salgado, Rogelio Jimenez Pons, Jimenez Pons, Brendan O'Boyle, Lizbeth Diaz, Kylie Madry, Miral Fahmy Organizations: MEXICO CITY, Management Solutions, CFE, Mexico City Locations: MEXICO, Acapulco, Guerrero, Mexico

☆ Hurricane Otis’ impact around Acapulco, Mexico remains unclear amid widespread communications outages
▼ + stars: | 2023-10-26 | by ( Elizabeth Wolfe | ) edition.cnn.com time to read: +4 min

The outages have significantly limited authorities’ ability to survey or share the magnitude of Otis’ impact. Otis rapidly intensified from a tropical storm to an extremely dangerous Category 5 hurricane – the area’s strongest storm on record – in just 12 hours. Residents survey damage in the aftermath of Hurricane Otis in Xaltianguis, Guerrero state, Mexico. The storm’s heavy rains are forecast to continue impacting the region through Thursday, possibly triggering flash flooding and mudslides, the National Hurricane Center said. Residents survey damage in the aftermath of Hurricane Otis in Xaltianguis, Guerrero state, Mexico.

Persons: Hurricane Otis ’, Otis, Andrés Manuel López Obrador, Laura Velázquez, Hurricane Otis, Alejandro Cegarra, El, CNN’s Karol Suarez, CNN’s Taylor Ward, Mary Gilbert, Ana Melgar, Claudia Rebaza, Rachel Ramirez Organizations: CNN, CFE, Service, ”, Bloomberg, Getty, National Hurricane Center, Mexican National Guard personnel, Infrastructure, Communications, Transportation, Otis, National Oceanic, Atmospheric Administration Locations: Hurricane, Acapulco, Mexico’s Guerrero, Xaltianguis, Guerrero, Mexico, Mexico City

☆ Mexico's first LNG plant to receive final piece in days
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

LNG developer New Fortress Energy (NFE.O) is planning to begin production at the 1.4-million-tons-per-year floating plant off the coast of Altamira, Mexico, in the coming weeks. The first of three rigs that will compose the floating LNG facility arrived in Mexican waters in late August. Two additional floating LNG plants are under construction, with operations startup planned for 2025. A total of nine onshore and floating LNG production facilities are planned for Mexico's Gulf and Pacific coasts, mostly to process U.S. gas. New Fortress in 2021 bought oil rigs from Maersk Drilling to convert them into floating LNG plants.

Persons: Christopher Guinta, Arathy Somesakhar, Marianna Parraga, Timothy Gardner Organizations: U.S . Coast Guard, New Fortress Energy, Kiewit Offshore Services, Coast Guard, New, New Fortress, CFE, U.S . Department of Energy, Drilling, Thomson Locations: Texas, Altamira, Mexico, Ingleside , Texas, Mexico's, U.S, Gulf, Pacific, Ukraine, Brazil

Mexico President Andres Manuel Lopez Obrador's steps to roll back reforms aimed at opening Mexico's power and oil markets to foreign competitors ultimately sparked the trade dispute. The steps add to a significant worsening of trade relations between Washington and Mexico City, even as their economic integration grows. Like the energy policies, Washington argues that banning GMO corn for human and animal consumption violates Mexico's obligations under the trade pact. The White House has hoped to avoid escalating energy trade tensions with Mexico as it sought help on immigration and drug trafficking, but talks that began last year have made little progress. In 2022, Mexico had a $130.5 billion goods trade surplus with the United States.

Persons: Katherine Tai, Tatiana Clouthier, Trade Mary Ng, Joe Biden's, Andres Manuel Lopez Obrador's, USTR, Obrador, Biden, Donald Trump, Jarrett Renshaw, David Lawder, Stephen Eisenhammer, Tomasz Janowski Organizations: Trade, Small Business, Export, Washington, United States Trade Representative, United, Chevron, Marathon Petroleum, Comision Federal, Mexico, Ministry, U.S, North American Free Trade, Thomson Locations: Mexican, United States, Mexico, Canada, Mexico City, U.S, United States Mexico Canada, USMCA, Washington, China, Washington's

☆ Focus: In Mexico, private cash races to plug nearshoring energy crunch
▼ + stars: | 2023-07-26 | by ( Isabel Woodford | Thomson Reuters | Isabel Is A British-Spanish Journalist Based In Mexico City. She Joined Reuters In As Part Of The Latin America News Hub | ) www.reuters.com time to read: +7 min

Sergio Arguelles, president of the Mexican Association of Private Industrial Parks (AMPIP), said parks' investment in state energy assets today is unprecedented. "Mexico would be very well positioned to take advantage of nearshoring if it didn't have such an energy problem," he said. THE SHRINKING STATEMexico's approach to its groaning electricity grid is in contrast to its fast-growing peers, which tend to either incentivize private energy contractors or have state utility companies with deep pockets. Still, there is some hope for the new wave of 47 planned industrial parks. Yet critics say Mexico's push for state control over energy distribution while also neglecting it is self-sabotage.

Persons: Daniel Becerril, Sergio Bermudez, Barbie, Mattel, Bermudez, …, Eduardo Martinez, Sergio Arguelles, Aaron Gallo, Gallo, Andres Manuel Lopez Obrador's, David Gantz, Electrobras, AMPIP's Arguelles, Lopez Obrador, Ramses Pech, Hans Joachim Kohlsdorf, Zonia Torres, Alfredo Nolasco, Isabel Woodford, Marguerita Choy Organizations: Federal Electricity Commission, REUTERS, MEXICO CITY, Unilever, Mexican Association of Private Industrial Parks, American Industries, Industries, CFE, U.S, Baker Institute, Thomson Locations: Mexico's, Santa Catarina, Monterrey, Mexico, MEXICO, Nuevo Leon, Brazil, Guanajuato

[1/2] A man watches television while cooling himself with an electric ventilator as temperatures rise during an unusual heat wave, in Monterrey, Mexico June 15, 2023. On Wednesday, daily demand was projected to peak even higher at 51,782 megawatts per hour, according to Cenace data. Meanwhile, neighboring Texas urged power conservation after the grid operator on Tuesday evening issued a warning for "projected reserve capacity shortage". In Michoacan state, one town had been without electricity for several days, after an energy transmitter exploded. The heat wave in Mexico is forecast to continue for several more days.

Persons: Daniel Becerril, Cenace, Jorge Musalem, Andres Manuel Lopez Obrador, Isabel Woodford, Adriana Barrera, Lisa Shumaker Organizations: REUTERS, MEXICO CITY, National Center for Energy Control, Twitter, Local, CFE, Thomson Locations: Monterrey, Mexico, MEXICO, Texas, Michoacan

☆ Russia says European armed forces treaty contrary to its security interests
▼ + stars: | 2023-05-14 | by ( ) www.reuters.com time to read: +1 min

May 15 (Reuters) - The European armed forces treaty from which Moscow is to withdraw is contrary to Russia's security interests, Russia's envoy in charge of the withdrawal said in remarks published early on Monday. Russia's parliament is to decide on Monday when to formally denounce the Treaty on Conventional Armed Forces in Europe (CFE), following President Vladimir Putin's decree on May 10. "The CFE Treaty, due to the changed situation, is contrary to our security interests. Ryabkov was appointed last week to represent Putin during parliamentary proceedings on denouncing the treaty, which aimed to regulate the number of forces deployed by Warsaw Pact and NATO countries. Russia announced in 2015 that it was completely halting its participation in the treaty.

Pemex, which had financial debt totaling nearly $108 billion at the close of last year, pays a profit sharing rate (DUC) - effectively a tax paid to the government - of 40%. Delaying Pemex's payment of the DUC should give the oil giant some $2 billion in cash flow, said Yorio. "We can do this quickly to provide liquidity to Pemex, not through a capitalization, but by allowing it not to immediately pay the royalty, the profit sharing rate," said Yorio. Separately, Yorio said Mexico would not need to issue debt to finance its $6 billion deal to buy 13 power plants from Spanish energy company Iberdrola (IBE.MC). Lopez Obrador has described the deal, which will boost state power utility Comision Federal de Electricidad's (CFE) market share to nearly 56% of Mexico's total power generation from about 40%, as a "new nationalization".

☆ Exclusive: Canada's ATCO gives Mexico troubled pipeline after damage award -sources
▼ + stars: | 2023-03-30 | by ( Dave Graham | ) www.reuters.com time to read: +3 min

Lopez Obrador afterward met representatives from Canadian energy companies, including ATCO, and details of the transfer were concluded in late February, one of the sources said. Neither ATCO, CFE, the Canadian government or Lopez Obrador's office immediately replied to requests for comment. Arguing that past governments skewed Mexico's energy market in favor of private capital, Lopez Obrador has taken a series of steps to bolster state control of the sector. Last July the U.S. and Canadian governments launched formal dispute resolution talks with Mexico over energy. The company argued Mexico had not done enough to enable the pipeline's completion, and the London Court of International Arbitration agreed, Reuters reported.

☆ What’s John Kerry Doing in Mexico?
▼ + stars: | 2023-03-27 | by ( Mary Anastasia O Grady | ) www.wsj.com time to read: 1 min

During a visit to Mexico last week President Biden’s climate envoy, John Kerry , heaped praise on President Andrés Manuel López Obrador . “I see wisdom in his leadership that wants to undo some of the mistakes of the past and help to promote the interests of the people,” Mr. Kerry said of the 69-year-old career politician who sat nearby whispering to his team and grinning. Mr. Kerry apparently saw no irony in linking arms for a photo-op, on the same trip, with Manuel Bartlett , one of the most notorious “dinosaurs” of Mexico’s one-party state during the 20th century. Mr. Bartlett is now the director of the state-owned Federal Electricity Commission, or CFE, which is at the center of a dispute with American renewable-energy investors.

Obrador's decision to roll back reforms aimed at opening Mexico's power and oil markets to outside competitors sparked the trade dispute. If not, the U.S. will request an independent dispute settlement panel under the Unites States Mexico Canada Agreement, or USCMA, they said. The United States and Canada demanded dispute settlement talks with Mexico in July - 250 days ago. Under USMCA rules, after 75 days without a resolution, they were free to request a dispute settlement panel, a third party that rules on the case. In my view, it’s long past time to say enough is enough and escalate this into a real dispute settlement case," Wyden said.

Hidalgo, just outside Mexico City, is hundreds of miles from the border yet land and labor costs are lower. The United States and Canada have formally entered a trade dispute over Mexico's energy policy. It remains unclear exactly what Tesla's investment in Mexico will look like and what the company plans to produce in the country. Yet Mexico's capacity for a nearshoring boom has been held back by Lopez Obrador, particularly his energy policies, analysts said. Reporting by Diego Ore and Daina Beth Solomonin Mexico City Additional reporting by Kylie Madry in Mexico City Editing by Stephen Eisenhammer and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Mexico in talks with top carmakers to make electric vehicles, foreign minister says
▼ + stars: | 2023-02-03 | by ( Stefanie Eschenbacher | ) www.reuters.com time to read: +3 min

MEXICO CITY, Feb 3 (Reuters) - Mexico is gearing up to build several manufacturing hubs for electric vehicles across the country, Foreign Minister Marcelo Ebrard told Reuters, and is in talks with some of the world's top carmakers. Ebrard said in an interview late on Thursday that Mexico was keen to capitalize on the global shift to electric vehicles. "What they are more concerned about is having a guaranteed supply of clean energy, having water, having the personnel they need, facilitate electric power transmission lines," he said. Harald Gottsche, head of the BMW plant in the state of San Luis Potosi, which will produce fully electric cars, said Mexico also needs to push the consumer shift to electric vehicles. In addition to electric vehicles, Ebrard said he was also keen to attract more semiconductor and battery businesses - and build out transport infrastructure in the port of Coatzacoalcos, in the Gulf of Mexico.

[1/5] Aerial view of the northern border state of Sonora where state electric utility CFE is building the largest solar plant in all of Latin America, in Puerto Penasco, Sonora state, Mexico February 2, 2023. REUTERS/Raquel Cunha/PoolCompanies Alchimie SA FollowPUERTO PENASCO, Mexico, Feb 2 (Reuters) - The first power from a giant solar energy park in the desert of northern Mexico will enter the country's electricity grid in April, officials said on Thursday, as the nation aims to burnish its green credentials with the flagship project. Mexican officials on Thursday, during a tour of the solar park with a group of over 60 foreign diplomats, sought to dampen concerns over Lopez Obrador's commitment to renewables and energy transition. Mexico is looking for partners to help fund the park and the country's broader transition to greener energy sources. Reporting by Stefanie Eschenbacher in Puerto Penasco, Mexico Editing by Stephen Eisenhammer and Alistair BellOur Standards: The Thomson Reuters Trust Principles.

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