MEXICO CITY (AP) — The U.S. trade representative said Wednesday that she has raised the concerns about Mexico’s energy policies that favor state-owned Mexican companies.
Katherine Tai spoke following meetings with Mexico’s economy secretary and Canada’s top international trade official to mark the first year of the U.S.-Mexico-Canada trade agreement.
Tai said that “we are raising our concerns” about President Andrés Manuel López Obrador’s energy sector policies.
López Obrador has launched a nationalistic campaign to end gasoline imports and stop or reduce exports of crude oil.
His pet projects include building oil refineries in Mexico, and he has also tried to rein in foreign companies that built wind and solar farms to produce electricity in Mexico. He has also put on hold long-anticipated bidding on oil exploration contracts.
López Obrador pushed through a law earlier this year that will allow the government to seize private gas stations in case of “imminent danger to national security, energy security or the economy” and give them to the state-owed oil company to run.
López Obrador says the law is meant to combat contraband gasoline imports, because he claims private imports of gasoline — which he dislikes on ideological grounds — often don’t pay taxes.
Judges in Mexico have granted injunctions against some of the president’s measures.
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7 Internet of Things Stocks That Are a Perfect Fit to Our Connected Future
When you say the Internet of Things (IoT) you may get different responses. I like to think of it broadly as being about connection. It’s about devices that can connect with each other, and with the internet. And this provides users with the solutions that are making our lives more convenient.
The most basic, and ubiquitous, example of an IoT device is the smartphone that many of us have with us at all times. But think about what that has led to. Home assistants, security cameras, fitness apps, and so much more are all enabled by the internet of things.
IoT took on even more importance in the pandemic as businesses had to find a way to ensure the security and viability of their networks even as their employees were scattered remotely. This created demand for edge and cloud computing solutions that are also facilitated by the internet of things.
And yes, this is just the start. The need for more and more data is powering demand for IoT solution in areas such as autonomous vehicles.
But the good news is that this is an area that is still very much in its growth phase. And that means there is no lack of companies that you can find to trade in this sector. To help you get started, we’ve put together this special presentation that highlights seven such companies and the reasons why we believe they merit adding to your portfolio.
View the “7 Internet of Things Stocks That Are a Perfect Fit to Our Connected Future”.