President Andres Manuel Lopez-Obrador has pushed an economic agenda that prioritizes the “rescue” of state oil company Pemex. The transition to renewable sources of energy, however, demands increased scrutiny of the government’s plans.
México es un país rico en recursos que ha dependido históricamente del petróleo. Su riqueza petrolera, sin embargo, parece ser una carga: el mayor actor del sector, Petróleos Mexicanos (Pemex), es la compañía petrolera de propiedad nacional más endeudada del mundo.
Research for the 2021 edition of NRGI's Resource Governance Index has begun. The index measures the governance of oil, gas and mining sectors in resource-producing countries and provides freely available public data to help inform evidence-based decision-making.
Extractive sector policies and governance choices are holding back solar and wind projects in many countries. Part of the trouble lies in the shortsighted habits of political decision-making that oil, gas or coal exploitation can foster. Debates about domestic energy use are highly political and can fall prey to narrow agendas.
A strategist at Indonesia’s Special Taskforce for Upstream Oil and Gas Business Activities (SKK Migas) discusses how crude oil production in the country—a pioneer in production sharing contracts and in the commercialization of liquefied natural gas—has been on a downward trend since reaching peak production in 1994.