The ruling coalition has postponed discussions surrounding the constitutional electricity reform proposal until 2022. In other news, COP26 will discuss energy. Tania Ortiz will head Sempra’s new Infrastructure entity. Read this and more in the weekly roundup!
Mexico’s ruling coalition and the parliamentary groups examining the proposal to reform the energy sector have agreed to postpone the debate and subsequent voting. The new deadline has been set on April 15, 2022, right after a recall vote on President López Obrador’s mandate. The reform would give CFE a guaranteed 56 percent market share and put most of the power back in the state’s hands.
As the current Director of IEnova, Tania Ortiz will spearhead Sempra Infrastructure following the consolidation of IEnova and Sempra’s LNG arm. Ortiz is therefore also in charge of the company’s electricity, fuels storage terminals and gas transport and distribution businesses in North America.
The US has voiced “serious concerns” over López Obrador’s proposal for a constitutional reform of the energy sector, said the US Ambassador to Mexico Ken Salazar. Several US Congress members have spoken out against the reform, as well.
Climate research think tank Ember reported that Mexico is the G20 country that most reduced its use of coal for power production over 2020. Almost 75 percent of Mexico’s electricity is still generated via fossil fuels, although cleaner burning natural gas is growing in popularity.
The renewable energy developer has signed a collaboration with the Higher Technological Institute of the Perote municipality. As a result, renewable energy engineering students will be able to intern at X-Elio’s solar power plant in Perote, Veracruz. The collaboration marks another step for the company in support of the community and in the fight against climate change.
While money was the crux of yesterday’s discussion, delegates at the UN climate conference will focus on energy on Thursday. The discussion includes a non-binding deal to end fossil fuel financing of projects abroad, among other key points.
Companies such as BP and Siemens are urging the world to invest in long-term storage that could solve intermittency in wind and solar resources and thus build a feasible and sustainable platform for the energy transition.