News

Why Houston’s Energy Industry Leaders Are Watching Mexico’s Upcoming Presidential Elections 

Andrés Manuel López Obrador has sent mixed signals about his energy policy, which raises concerns from investors in Houston

Wind Turbines

On July 1st, Mexicans will cast their vote to decide their country's next president. Leading the polls is anti-Trump leftist, Andrés Manuel López Obrador (AMLO), who has received criticism from the private sector.

A recent poll by the international daily El País showed that López Obrador has a 92% chance of winning the election.

Among skeptics of López Obrador are energy industry leaders here in Houston, who are watching the election closely.

“There is some uncertainty,” said Dr. Tony Payan, Director of Rice University's Mexico Center,“They're wondering what's going to happen. I think some of the investments have been put on hold."

Listen

To embed this piece of audio in your site, please use this code:

<iframe src="https://embed.hpm.io/289563/289544" style="height: 115px; width: 100%;"></iframe>
X

Payan said the industry is cautious because López Obrador has sent mixed signals about his energy policy.

"He is going to favor the investment of the Mexican government and Mexican companies, specifically Pemex, in Mexico to try to reduce the dependence that Mexico has developed on Texas oil and gas, lately," said Payan.

But, the presidential hopeful hasn't said he'll reverse Mexico's energy reform, which opened up the industry to international investment.

An adviser to López Obrador told Mexican daily El Universal in April that the candidate for president would not end the energy reforms.

Oil and gas companies in Houston have invested billions of dollars in Mexico since comprehensive reforms passed in 2013 and 2014.

Subscribe to Today in Houston

Fill out the form below to subscribe our new daily editorial newsletter from the HPM Newsroom.

* required

Share