North American Leaders Summit/Arrest of Ovidio Guzmán
Home > Policy & Economy > News Article

North American Leaders Summit/Arrest of Ovidio Guzmán

Photo by:   Gobierno de México
Share it!
Paloma Duran By Paloma Duran | Journalist and Industry Analyst - Fri, 01/06/2023 - 11:49

Meeting with US and Canada leaders. Foreign Minister Marcelo Ebrard announced that President Andrés Manuel López Obrador will greet US President Joe Biden on Sunday and Canadian Prime Minister Justin Trudeau on Monday. “President Biden will arrive on Sunday at 6:30 p.m. at the Felipe Ángeles Intentional Airport. On Monday, Prime Minister Trudeau will arrive at 2:40 p.m.”

The Summit is commonly known as the meeting of the “three friends” and is normally organized yearly. Recently, the US and Canada have requested trade dispute talks with Mexico, arguing that due to its energy policies, Mexico is not fulfilling its obligations under the USMCA. Both countries said that Mexico is favoring state-owned companies CFE and PEMEX over private and foreign companies, hampering investments and restricting market access. Experts argue that if the USMCA complaint remains unresolved, Mexico could face retaliatory tariffs.

Arrest of Ovidio Guzmán. López Obrador stressed that the arrest of Ovidio Guzmán López, son of Joaquín “El Chapo” Guzmán, was carried out without US aid. 

The Government of Mexico confirmed the arrest of Ovidio Guzmán, nicknamed “El Ratón” (The Mouse) triggering high-risk actions in the area. Economic activities in Culiacan have stopped as the operation unleashed shootings and blockades in various regions of the city and surrounding towns. Airlines such as Volaris, Viva Aerobus and Aeroméxico reported that they canceled flights to multiple cities in Sinaloa due to the acts of violence reported in the state. On his Twitter account, Ruben Rocha, Governor of Sinaloa, urged citizens to remain calm and let federal authorities do their work. The Mexican Confederation of Employers (COPARMEX) as well as civilians have urged the government of López Obrador to reestablish normalcy in Culiacan.

Clean energies. López Obrador stressed that the country has made progress in its clean energy strategies, without the need for privatization.

In 2022, BloombergNEF’s annual Climascope assessment of the most attractive markets for investment in renewable energy projects ranked Mexico in the 63rd position among 107 emerging markets, and 90th position for all markets. The country registered a 1.67 rating out of 5 points. The evaluation consists of three criteria: experience, opportunities and market foundations.

In addition, experts have warned that the country will not meet its 2030 climate goals, such as making 50 percent of cars run on clean energy.  According to the Program for the Development of the National Electricity System (PRODESEN) 2022-2036, Mexico requires at least US$26 billion in investment in electricity generation and a US$20 billion investment in transmission and distribution infrastructure to cover an energy demand of 110GW in the next three years.


Photo by:   Gobierno de México

You May Like

Most popular