Mexico’s AMLO Says Oil Central to Climate Commitments as Pemex ESG Strategy Questioned

Mexico’s president Andrés Manuel López Obrador cited oil production, hydroelectricity and a tree-planting program as pillars of his country’s climate strategy during the Leaders Summit on Climate organized by the White House.

In contrast to his fellow world leaders, López Obrador made no mention of specific emissions targets, nor did he mention wind and solar energy, carbon capture, hydrogen, or methane emissions during his remarks to the conference.

“Although we’ve discovered three large hydrocarbon deposits, the petroleum we are discovering will be destined, basically, to covering fuel demand in the internal market and we will end the practice of exporting crude and buying gasoline,” he said.

This policy will help Mexico “avoid the excessive use of fossil...