MEXICO CITY (AP) — According to Mexico’s president-elect Andrés Manuel López Obrador, said on Tuesday July 31, that he will end fracking, the oil and gas extraction method that has just begun to take root in areas of the country’s north.
Asked about the potential risks of fracking at a news conference, Andres Manuel Lopez Obrador said, “We will no longer use that method to extract petroleum.”
Mexico has a huge potential shale formation in the Burgos basin, similar to the Texas Eagle Ford fields.
But while a few wells have been drilled, the Mexican government has only recently scheduled bidding on opening some blocks for commercial development through fracking.
Lopez Obrador also railed against private electricity generation contracts that displaced the government-owned Federal Electricity Commission, known as the CFE. He said that trend would be “corrected,” without saying whether he would seek to overturn existing contracts.
“The neoliberal governments deliberately closed the CFE plants in order to buy electricity from foreign companies at very high prices,” Lopez Obrador said. “All of that will be corrected.”
more recommended stories
Festival de las Animas Mérida 2021, from October 24th to November 2nd
Mérida, Yucatán, (October 19, 2021).- At.
Great discovery in Yucatan! Underground connection between a cenote and a cave
Nine marine species and cave paintings.
John Kerry, US Climate Representative, defends clean energy before AMLO´s electric reform
“The move to a clean economy.
Quintana Roo Hotels lose half of their guests to Airbnb
Entrepreneurs from the south of the.
Relatives of María José fear that she has been a victim of femicide in northern Mérida neighborhood
Despite the fact that yesterday it.
According to Coneval, poverty in Yucatan increased by 26.6% in 2 years
Mérida, Yucatán, (Ocober 18, 2021).- In.
“Sharing” a new trend in housing in Mexico and around the world
Today, sharing in the home has been strongly positioned, which.
900-year-old sword found on the Mediterranean seafloor
An Israeli amateur diver found a.
Monday 18th, less than 200 Covid infections and low number of hospitalized in Yucatan
Coronavirus infections are on the decline.
Tourist dies after falling from a sixth floor in a residential complex in Cancun
Cancun, Quintana Roo, (October 19, 2021).-.