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Reuters
Reuters
Business
Raul Cortes

Under pressure over energy plan, Mexico president suggests pausing relations with Spain

Mexico's President Andres Manuel Lopez Obrador speaks to the media during a news conference at the National Palace, in Mexico City, Mexico, February 9, 2022. Mexico's Presidency/Handout via REUTERS

Mexican President Andres Manuel Lopez Obrador on Wednesday said diplomatic relations with Spain should pause, turning on Mexico's former colonial power as he sought to deflect criticism of his plan to strengthen state control of the power market.

Addressing concerns that his bill to give precedence to the state power utility, the Comision Federal de Electricidad (CFE), over private firms was discouraging investment in renewable energy, Lopez Obrador said his proposal aimed to end abuses in the industry that he argues had benefited a select few.

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