The climate scientist appears well-qualified to do so, but she’s also backed the fossil-friendly policies of her predecessor
Good morning and welcome back to Energy Source. Malcolm Moore here, coming to you from London. Before we get to Christine Murray’s main feature on Mexico’s energy dilemma, I wanted to tell you briefly about a $14bn energy deal looming here in Europe. Abu Dhabi’s National Oil Company , one of the largest oil producers in the world, with a 2027 goal to pump 5mn barrels of oil a day, or twice as much as Exxon, has moved a big step closer to buying Covestro, one of the jewels of German industry.
As he tried to reassert state dominance of the sector, regulators stopped handing out generation permits, auctions for long-term power purchase agreements were cancelled and the rules were tilted in favour of state energy groups. There was no new significant private investment in generation during his term, except in small-scale self supply projects.
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