Mexico’s nationalization drive has done little good for its already struggling energy industry President Lopez Obrador’s latest constitutional reform to transform electricity markets could diminish private investment Mexico, once a major oil producer, is facing mounting challenges as President Andrés Manuel López Obrador (AMLO) makes it increasingly difficult for private companies to continue energy operations in favour of greater state ownership of the industry. AMLO looks to be pushing out private energy companies in a bid to make Mexico’s electricity and fuel market wholly state-owned. At the beginning of October, the Mexican government proposed a constitutional reform that would increase state control of the electricity market , overturning efforts by the previous administration to welcome private investors. If the reform goes ahead, the Federal Electricity Commission (CFE) will gain control over half of Mexico’s electricity market and will set terms for private operators, with ALMO citing lower electricity costs […]