President-elect Andres Manuel Lopez Obrador’s decision to cancel the construction of the $13-billion New International Mexico City Airport (NAICM) sets a concerning precedent for energy investments in the country, multiples sources told S&P Global Platts Monday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now After a weekend referendum, Lopez Obrador canceled the project during a webcast event on Monday. The option to cancel the project won in the referendum with 70% of the vote. “This decision will be taken with the absolute respect to the rule of law without affecting the interest of companies and investors,” Lopez Obrador said. The consultation was an exemplary exercise of democracy, he added. The NAICM cancellation shows Lopez Obrador’s willingness to sidestep institutions and his disdain for […]