Mexican president ready to meet Canadian power firms over dispute

MEXICO CITY — Mexican President Andres Manuel Lopez Obrador said on Wednesday he was working with Canada’s Prime Minister Justin Trudeau to resolve problems facing Canadian electricity companies in Mexico after the two met in Mexico City. Lopez Obrador said he had told Trudeau he was willing to invite companies for talks over how to…
Mexican president ready to meet Canadian power firms over dispute

MEXICO CITY — Mexican President Andres Manuel Lopez Obrador said on Wednesday he was working with Canada’s Prime Minister Justin Trudeau to resolve problems facing Canadian electricity companies in Mexico after the two met in Mexico City.

Lopez Obrador said he had told Trudeau he was willing to invite companies for talks over how to resolve disagreements.

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The president said he and Trudeau also discussed Canadian company investments in his country, citing by name TransCanada, which is now known as TC Energy. The firm, which operates pipelines, storage facilities and power plants across North America, is building a $4.5 billion natural gas pipeline which would connect several major ports along Mexico’s Gulf Coast.

Several pipeline projects operated by foreign or private firms are facing legal challenges seeking to halt them, as well as regulatory delays over permits, but Lopez Obrador didn’t gives specifics about TC Energy being in any dispute at the moment.

On Tuesday, the leaders of the United States, Mexico and Canada vowed to tighten economic ties at a North American summit, even as integration is hampered by ongoing disputes over Mexico’s energy policies.

The energy row comes after Lopez Obrador overhauled the electricity market in the name of national sovereignty, giving state-owned power utility CFE priority over private companies in connecting power stations to the grid. It boiled over into a formal dispute in July 2022 when Washington and Ottawa filed a complaint under the United States-Mexico-Canada Agreement (USMCA) trade deal.

The leaders did not answer questions on it at a news conference on Tuesday.

Lopez Obrador said Mexico has broken no laws and that “nothing is going to happen,” while some analysts predict Mexico would lose if a panel is asked to resolve the dispute. (Reporting by Raul Cortes Fernandez; Editing by Aurora Ellis)

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