MEXICO CITY—A senior executive of carmaker General Motors (GM) raised concern about the future of renewable energy usage in Mexico, saying that without a solid legal basis for it, automotive investment in Latin America’s No. 2 economy would suffer. Francisco Garza, chief executive of GM Mexico, spoke as debate rages over a Mexican government proposal to give priority to the state-run power utility in the electricity market at the expense of private investors, particularly in renewable energy. Participating in a panel in Mexico City, Garza said it was important for Mexico to forge conditions enabling investment in renewables, to which the company was itself committed. “Unfortunately, if the conditions aren’t there, Mexico won’t be a destination for investment, because the conditions won’t be given that permit us to meet our objective of having zero emissions in the long term,” Garza said. “We’re evaluating that if there aren’t the conditions, that …
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