Wednesday, September 17, 2025

Pemex fracking plan was approved on Tuesday but vetoed by AMLO

The president has vetoed fracking operations that the state oil company had planned to carry out at a site in Tamaulipas.

On Tuesday, the National Hydrocarbons Commission (CNH) granted Pemex approval for hydraulic fracturing in the Huampa oil field. On Wednesday, it was vetoed by President López Obrador.

He told his morning press conference that the fracking request had been filed last November, but in fact it was filed by Pemex in February, in spite of López Obrador’s longtime opposition to the use of fracking to extract shale oil and gas.

During his election campaign last year he pledged that he would ban its use.

The plan approved by the CNH represented an investment of US $20 million over three years in the Tamaulipas field.

The Mexican Alliance Against Fracking said it was alarming that plans by Pemex and approvals by the CNH would ignore the president’s often-stated stand against hydraulic fracturing.

Source: Milenio (sp)

Have something to say? Paid Subscribers get all access to make & read comments.

Fed rate cut sends peso to strongest level vs. dollar in more than a year

0
Wednesday's closing rate of 18.32 pesos per dollar represented a 0.2% gain from Monday's session, capping the peso's eighth consecutive day of strengthening against the greenback.
sacks of drugs

US names Mexico among 23 principal drug-producing countries while praising its anti-cartel crackdown

6
Mexico's inclusion was hardly a surprise, but it was noteworthy that the Trump administration praised the Sheinbaum administration for its increasing cooperation.
Guiengola, Oaxaca

Biologists work to turn Oaxaca’s Guiengola archaeological zone into nature reserve

1
Led by 23-year-old biologist Eduardo Michi, a group of scientists has deployed camera traps across more than 300 hectares to document local fauna like coatis, rabbits, squirrels and ocelots.
BETA Version - Powered by Perplexity