Mexican president Andres Manuel Lopez Obrador faces a deluge of domestic and international legal action that will force his government to row back on measures that undermine existing energy investments and have devastated confidence in the nation’s renewables sector, said a senior lawyer based in the country.
“Once the president learns the amount of money the Mexican nation will need to pay to private sector investors in other parts of the world I think they will rethink their actions,” said Derek Woodhouse, a Mexico City-based senior partner with law firm CMS who has decades of experience in the country’s energy sector.
