Mexico Court Rules In Favor of Government's Energy Reform

A Mexican court overturned a bid seeking to cancel the energy industry reform pushed by the Mexican government under the leadership of President Andres Manuel Lopez Obrador. According to a report by the Financial Times, the majority of a panel of judges voted against some of the central stipulations of the proposed new energy law—but the majority did not reach the eight votes required to invalidate the bill.

The purpose of the proposed energy sector reforms is to reinstate government-controlled entities as virtual monopolies in the Mexican…