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Mexican left-wing leader blocks $9 billion in renewables

What happens to renewables when a President is elected on the promise of “I will make my country great again?” Well it depends if you are in the US, then you get President Trump and support for fossil fuels. If instead you are in Mexico you end up with AMLO or Andres Manuel Lopez Obrador, and you get deals favoring Mexican companies – in both cases, you get a slowdown in renewables. Despite his left wing stance, AMLO’s regime has meant some crazy home prejudiced legislation. Now a rule change in how “clean energy certificates,” or CLEs are allocated, which are virtually bankable, has been brought in to escape decisions made by the last Mexican government. AMLO has decided to…

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