Mexico Presidential Candidate Sheinbaum Pledges To Boost State Energy Sector

Mexico Presidential Candidate Sheinbaum Pledges To Boost State Energy Sector

On Monday, Mexico’s top presidential contender, Claudia Sheinbaum, pledged continued support for state-owned Petroleos Mexicanos (Pemex) while advocating for renewable energy. In contrast to the perspective of President Andres Manuel Lopez Obrador, Sheinbaum is committed to strengthening Mexico’s renewable energy capabilities.

Additionally, she plans to maintain Pemex’s daily crude production at approximately 1.8 million barrels, meeting additional demand for renewable energy. She confirms that Pemex and the Comisión Federal de Electricidad (CFE) will continue to operate as public entities, with strategies to increase refinery efficiency, reduce petroleum imports, and broaden Pemex’s involvement in lithium extraction and renewable energy production via thermal processes.

Furthermore, she emphasises strengthening Pemex amid climate change challenges while maintaining its significance to Mexico. Key aspects of her plan include halting gas flaring, enhancing Pemex’s sustainability, and ensuring stable fuel and electricity prices.

She proposes boosting energy transmission networks, upholding CFE’s dominance in the electricity market, and implementing stricter emissions and energy efficiency standards. Sheinbaum further places emphasis on the expansion of the electric vehicle industry.

The strategy emphasises her dual approach, which involves encouraging renewable energy initiatives while maintaining Pemex’s traditional role in oil production. This is done in support of a balanced energy strategy that is in line with climate objectives.