On Tuesday, just days after president Andrés Manuel López Obrador took office in Mexico, the Mexican government announced that it would be suspending a scheduled auction of long-term, clean-energy contracts. The new administration under leftist president López Obrador, who won the presidency in a landslide election back in July, will keep the auction on hold until they have had time to thoroughly review the plan. López Obrador has vowed since the campaign trail that the Mexican government will be much more involved in the nation’s economy for the duration of his tenure. Flagging oil output has been a persisting problem for Mexico, as its mature fields are in severe decline. More than 70 percent of Mexico’s crude oil comes from just 24 areas, all of which will be depleted over the next decade according to experts. In response, the new president has announced that he will be investing heavily […]