Mexico Moves to Amend Constitution to Favor State Power Firm

Mexico’s Senate approved amendments in the constitution that give preference to state electricity firm CFE over other companies in dispatching electricity to the system. The constitutional amendment was passed in the Senate with 86 votes in favor to 39 against. This met the requirement of a two-thirds majority of votes in favor of amending the constitution. Mexico’s new President Claudia Sheinbaum continues the policies of her predecessor Andres Manuel Lopez Obrador to support and favor the state energy majors, including oil firm Pemex…