JOURNAL ARTICLE

Mexico's Sheinbaum Wants Debt-Laden State Oil Giant to Go Green.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Squires, Scott 3 of 3

Abstract

Claudia Sheinbaum, Mexico's leading presidential candidate, aims to transform the troubled state oil company, Petroleos Mexicanos (Pemex), by focusing on clean energy. However, before this can happen, Sheinbaum acknowledges the need to address Pemex's $106 billion debt. Bondholders argue that Pemex's financial problems must be resolved before it can successfully transition to cleaner technologies. Sheinbaum plans for Pemex to refinance its bonds, potentially freeing up cash for the company to participate in Mexico's energy transition. The revitalization of Pemex could have global implications, as banks and investors increasingly prioritize environmental, social, and governance metrics. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/04, pN.PAG
  • Document Type:Article
  • Subject Area:Politics and Government
  • Publication Date:2024
  • Accession Number:176723189
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