The energy reform proposed by President Andrés Manuel Lopez Obrador is irritating in relation to United States and Canada, assured Graeme Clark, Canadian ambassador to Mexico.

“It’s irritating in the relationship between Mexico and the United States and between Mexico and Canada. I travel across the country, I am very aware of the concerns of the Canadian private sectorHere’s $4 billion of Canadian investment in the renewable energy sector,” the official said.

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During the closing of the Private Equity Summit in 2022organized by the Mexican Association of Private Capital (Amexcap)assured the diplomat that most of the investors’ concerns are: focused on the energy sectorwho also have investments in sectors of manufacturing or mining.

Last year, President Andrés Manuel López Obrador presented a reform to strengthen the Federal Electricity Commission (CFE) to private companies in the country.

The goal, the president says, is to recover the energy sovereignty of the country† Similarly, in recent months support has been provided to: Petroleos Mexicanos (Pemex) to ease your financial burden, while building the Dos Bocas refinery.

Graeme Clark added that his administration will follow through on the discussion in a timely manner and give any approval for the reform, as Mexico must also comply with its environmental commitments signed in the Treaty between Mexico, United States and Canada (T-MEC) and the Paris Agreements.

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“There is the formal and informal channel, there are formal discussions and informal discussions. Fortunately, we have good access to the Mexican government and we can share our concerns with them. There is no magic wand to solve problems,” the statement said. president. †