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Juan Carlos Machorro President Andrés Manuel López Obrador (AMLO) confirmed that BlackRock - the largest asset management company in the world - is interested in investing in the Mayan Train, as well as maintaining commercial ties with Petróleos Mexicanos (Pemex), although he did not detail whether the The parastatal's environmental liabilities could be a brake on future financing from said international organization. BlackRock is the world's largest investment manager and owns, on average, 6% of all public companies in the world. Within its portfolio it has participation in oil companies such as Exxon Mobil (6.7%), Chevron (6.9%) and Glencore (6%). In Mexico it is the largest fund manager (after acquiring Citibanamex) and has investments in 150 companies listed on the Mexican Stock Exchange. The Mexican president said that the president of BlackRock, Larry Fink, expressed his confidence in investing in Mexico, thanks to the fact that there is a new trade agreement (T-MEC) and stability in the currency. It will support us because Mexico is being seen as a country for investment. They (BlackRock) are investing in Pemex and are also interested in investing in the Maya Train, in some section to be concessioned. AMLO BlackRock, in its exchange-traded funds (ETF) business, which manages more than $7.
45 billion. At the beginning of the year it was reported that it will implement various measures to offer sustainable investments in its main portfolios, taking into account the socioeconomic consequences of the risk posed by climate change. Last weekend, President López Obrador announced his meeting with Larry Fink, and stated America Cell Phone Number List that "I spoke with the president of the BlackRock fund, one of the most important financial groups in the world. He expressed his confidence in Mexico and I thanked him for his decision to invest in our country. In 2019, BlackRock sent a letter to AMLO to show its interest in partnering in the federal government's infrastructure projects and supporting the development plan for the south of the country. In the letter, Larry Fink assured that BlackRock is “strongly committed to Mexico. "We are prepared to partner in the construction of internet service infrastructure throughout the country and to develop the Isthmus of Tehuantepec." The Mayan Train is estimated to have a construction cost of about 6.
3 billion dollars, which will be built on part of an already existing track and will travel about 1,500 kilometers from the archaeological zone of Palenque, in Chiapas, to the tourist resort of Cancun, Quintana Roo. , on the Yucatan Peninsula. Pemex, an environmental chaos The Federal Audit of the Federation indicates that both Pemex Comercio Internacional and Pemex Industrial Transformation had combined losses of 200 million pesos due to the high water content in the crude oil that both companies received from Pemex Logistics. In 2019, the Mexican parastatal was classified as the ninth most polluting oil company in the world, according to data from the United States Institute for Climate Responsibility, which could be a great obstacle for BlackRock investments, due to its sustainability policy. Pemex's projected future emissions for the period between 2018 and 2030 are 3,577 million tons of carbon dioxide. Its daily fossil fuel production is 2.5 million barrels of oil. BlackRock and climate change At the beginning of the year, Larry Fink wrote that “climate risk is investment risk” in his annual letter to the presidents and directors of companies in which they have investments.
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