News Business Business: Energy

Mexico leader's next push is to tackle energy

Published: March 13, 2013
In his first 100 days, the new Mexican president has surprised many with the momentum he has gathered toward achieving a major economic overhaul, the Wall Street Journal reports.

Now President Enrique Peña Nieto is setting his sights on another major goal: An overhaul of the energy sector and state-run Petróleos Mexicanos, one of the world's biggest oil firms, whose output is slipping. He proposes to change the law to attract foreign investors—an about-face for a country that once nationalized its oil and barred foreign participation by constitutional amendment.

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