Claudia Sheinbaum De-Privatizes Two Major Oil And Energy Companies
On October 30, Mexican President Claudia Sheinbaum made a very clear anti-neoliberal gesture in her morning press conference: the de-privatization of two emblematic Mexican energy companies. Petróleos Mexicanos (Pemex) and the Federal Electricity Commission (CFE) will now be fully controlled by the federal government. The government also signed a decree for the Mexican State to regain full rights over passenger railroads.
This was achieved through a constitutional reform approved by Congress, in which MORENA has a majority. Although Andrés Manuel López Obrador (Sheinbaum’s predecessor) sent the proposal several weeks ago, the current president takes the most important credit for having concluded the process.