Mexico’s Sheinbaum to Expand Federal Control Over Energy Giants - eviltoast
(Bloomberg) -- Mexican President Claudia Sheinbaum would gain increased control over Pemex and the national electricity utility under legislation that’s expected to win approval.Most Read from BloombergSan Francisco to Shut 9% of Public Schools Amid Budget WoesChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationShould Evictions Be Banned After Hurricanes and Climate Disasters?From Cleveland to Chicago, NFL Teams D

The Chamber of Deputies, Mexico’s lower house of Congress, on Wednesday began discussions on reclassifying Petroleos Mexicanos and Comision Federal de Electricidad from “state productive companies” to “public companies.” The change would force the companies to prioritize the government’s social and economic objectives over corporate profits.