Posts Tagged ‘Mexican opposition’

Pro-sovereignty Movement in Mexico Delays Energy Privatization Plan

April 14, 2008

Mexico’s popular movement appears to be gaining steam in its efforts to prevent President Felipe Calderon’s plans to privatize the country’s state-run oil company, Pemex. This article from Reuters describes how massive protests like the one pictured above have forced Calderon and his conservative PAN party to slow plans to allow foreign (spelled “U-S.”) companies to invest in and, at least partially, own Pemex. For more than 70 years, Pemex has been one of the most important pillars of Mexican political and economic sovereignty.

In response to this threat, several segments of the opposition in Mexico are coalescing in what they see as Calderon’s dismantling and selling off of national sovereignty, something we in the U.S. opposition need to become more conversant with and active around. According to the right-coloured Reuters article, the

“… left-wing protests against the plan have paralyzed Congress and the centrist Institutional Revolutionary Party, or PRI, has said it is not in a hurry to approve the bill before the spring session of Congress wraps up on April 30.”

For a more Mexican – and critical- perspective on these important developments in Mexico, check out La Jornada.