Biden administration moving to escalate energy trade dispute with Mexico
Reuters exclusively reported that President Joe Biden’s administration has asked U.S. energy companies to prepare affidavits documenting how Mexico’s protectionist […] The post Biden administration moving to escalate energy trade dispute with Mexico appeared first on Reuters News Agency.
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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).
The post Biden administration moving to escalate energy trade dispute with Mexico appeared first on Reuters News Agency.
