Mexico Announces New Oil Refinery While Barring Multinationals Like Audi From Using Solar and Renewable Energy: “The Era of Fossil Fuels Is Not Over!”

The Office Of Mexican President Andrés Manuel López Obrador Said, On Friday, July 1, That The New Refinery The Country Is Developing In The Gulf Is A Dream For The Economic Recovery And Job Creation For The Population. Meanwhile, The Government Has Been Trying To Block The Entry Of Solar And Renewable Energy Into The Country And Denied Audi Construction Company’s Request To Turn One Of Its Offices Into A Producer.

López Obrador Announced The Oil Refinery That Is Being Completed In The City Of Tabasco, In His Home State. He Boasted That Many Previous Governments Announced That Oil Had Run Out, But That Was A Lie. Refining Oil Gives The Country A Chance To Become Independent From Others, Which Is Not The Case With Brazil, Which Exports Brent, Or Crude Oil, To Rebuy The Refining, Which Is Done By Countries Like The United States. The Government Of Mexico Has Been One Of The Most Committed To Oil Refining In Latin America; However, It Shows Opposition To The Private Scheme Of Using Renewable Solar And Wind Energy.

In Fact, The Government Denied A Request From A German Automaker, Audi, Regarding The Installation Of Photovoltaic Panels At Its Company, In Order To Have Greater Energy Security And Escape Sudden Price Increases On Traditional Energy. According To Foreign Data, The Project Is Expected To Cost The Public Coffers $9 Billion And Could Reach Over $12 Billion Depending On Delays In Its Construction, Which Is $3 Billion Above What Was Initially Desired.

Mexico Also Purchases Companies Working With Oil, Like Shell

In 2021, The Government Of Mexico Purchased Half Of Its Stake In Shell In The Country By Investing Over $600 Million. The Doubt About The Investment Was To Determine Whether It Was Worth Investing Money In Companies In The Sector Or In The Construction Of State Refineries.

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López Obrador Claims That His Intention Is To Make The Country Totally Independent Of Gasoline From Abroad. Since 1970, The Country Had Not Built Refineries And Was Dependent On Foreign Supplies And The Variations Caused By Geopolitical Conflicts, With The Example Being The War Between Russia And Ukraine, Which Caused The Price Of Brent To Surge To At Least $140.

Despite Global Investments In Solar And Renewable Energy, The Government Decided To Invest Massively In The Use Of Non-Renewable Energies Like Oil To Maintain Its Energy Matrix. This Could Be, According To Analysts, Detrimental In The Long Run, As Even Developing Countries Need To Make The Energy Transition.

“We Did Not Pay Attention To The Sirens’ Songs, The Voices That Predicted, Perhaps In Good Faith, That The Age Of Oil Was Over And That Electric Cars And Renewable Energies Were Arriving En Masse,” Said López Obrador, President Of Mexico.

On The Same Day That The Mexican President Announced, The Department Of The Environment Stated That Audi’s Request To Build One Of Its Plants Solely For Solar Energy Was Denied Due To Technical Reasons And That It Is Not Related To An Attempt By The Country To Block This Type Of Energy In Its Energy Hub.

Obrador Supports A Project Where Private Companies Can Produce A Limited Amount Of Solar Energy To Sustain Themselves, But Not Everything Produced Can Be Resold To The Companies.