economic

Sheinbaum Announces Unconventional Gas Extraction Plan to Cut 75% U.S. Gas Dependence

| Sheinbaum (2024–)

Sheinbaum unveiled a national strategy to develop Mexico's unconventional (shale) natural gas deposits, aiming to reduce the country's 75% dependence on U.S. gas imports. She framed the initiative as 'sustainable extraction' rather than fracking, with a two-month technical committee to evaluate methods using non-potable water and reduced chemicals. She cited Europe's gas crisis and Middle East tensions as proof that energy sovereignty was vital. The announcement came the same day she met with BlackRock CEO Larry Fink; Sheinbaum later denied any connection between the meeting and the energy decision.

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