Mexico’s New Populist President Considers Foreign Pipeline Plans Despite Indigenous Protests
Andrés Manuel López Obrador looked out at the crowd of reporters at a Mexico City Hilton Hotel the night of July 1. It was a moment that he had waited years for: his victory speech for the Mexican presidency. To win in his third presidential campaign, López Obrador, a left-wing populist whose roots are in the oil-producing state of Tabasco, had to calm business leaders, who warned that foreign investment would flee the country if he took office. However, the candidate who once said he would overturn Mexico's 2013 reforms privatizing its energy sector — which opened the oil and gas industry to foreign investment and created a subsequent pipeline boom — struck a different tone on election night.