Mexico's decision to invest $16 billion in an oil refinery while global trends shift towards clean energy highlights the conflicting priorities within the country's energy strategy.
With oil production at a 45-year low, Mexico faces a grim reality that pits its fossil fuel reliance against the escalating need for sustainable energy solutions.
President Lopez Obrador's focus on nationalistic energy policies has created systemic challenges for Claudia Sheinbaum as she embarks on potentially pivoting towards clean energy.
The substantial debt incurred by Pemex, Mexico's state-controlled oil giant, underscores the precarious state of the country's energy industry, jeopardizing both financial stability and energy independence.
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