AMLO

Mexico President Andrés Manuel López Obrador hailed what he called the “rescue” of state oil company Petróleos Mexicanos (Pemex) and state utility Comisión Federal de Electricidad (CFE) in his second state of the nation address on Tuesday.

“With the backing of workers and technicians at Pemex and Comisión Federal de Electricidad we are rescuing these public companies, making them more efficient, ridding them of corruption and complying with our promise of not increasing prices of gasoline, diesel, gas and power,” he said.

The speech in the patio of the national palace started with one minute of silence to honor coronavirus victims. It took place in front of a spartan, socially distanced audience and was completed in under an hour.

Unlike many previous...