Can Mexico Absorb Texas’ Energy Glut?

8 Sep 2017   Mexico, USA

While the United States, Mexico, and Canada are due to meet for a second round of NAFTA talks on Friday, the Texas Association of Business welcomes proposed U.S. legislation that would expand the ability of a development bank created under NAFTA to invest in energy projects along the border, seeing the Mexican market as an outlet for excess natural gas from Texas. In June, U.S. Senator John Cornyn (R-TX) introduced the North American Development Bank Improvement Act of 2017, which was aimed at boosting the ability of the North American Development Bank (NADB) to continue investing in international land border crossings, natural gas projects, and environmental infrastructure along the U.S.-Mexico border. The bill is currently referred to the Committee on Foreign Relations. “Texas Association of Business and its NAFTA focused Texas-Mexico Trade Coalition believe that more investment in the NADBank could spur additional border infrastructure development across the state […]

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