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Mexico says Pemex to spend $2 billion to lower methane emissions

06/17/2022

Less than a minute

2022.06.17 20:26

Mexico says Pemex to spend $2 billion to lower methane emissions
FILE PHOTO: A worker stands near a tanker truck at a Petroleos Mexicanos (PEMEX) fuel storage and distribution center in Ciudad Juarez, Mexico June 14, 2022. REUTERS/Jose Luis Gonzalez/File Photo

MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Friday state-run oil and gas company Petroleos Mexicanos (Pemex) would spend $2 billion in direct investments and international credits to lower its methane emissions by up to 98%.

He also said Mexico is exploring the creation of solar parks near the U.S. border and transmission lines that could export power to California and other U.S. states.

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06/17/2022

Less than a minute