Reuters exclusively reported that President Joe Biden’s administration has asked U.S. energy companies to prepare affidavits documenting how Mexico’s protectionist policies disrupted their investments as Washington prepares to escalate a trade dispute with its neighbor. U.S. energy and power companies, such as ChevronCVX.N and Marathon Petroleum MPC.N, which sought to expand in Mexico, have complained that they have been denied simple permits and applications in decisions that favored state oil company Petroleos Mexicanos (Pemex) and national power utility Comision Federal de Electricidad (CFE).
Exclusives | Americas
Biden administration moving to escalate energy trade dispute with Mexico
6 September 2023, 12:00 am
1 min read
FILE PHOTO: The US flag (L), and the Mexico's flag are pictured on the international border bridge Paso del Norte in between El Paso US and Ciudad Juarez in Ciudad Juarez, Mexico December 28, 2016. Picture taken on December 28, 2016. REUTERS/Jose Luis Gonzalez/File Photo