Sheinbaum limits oil production in favor of energy transition: How many barrels per day will be produced?
Mexican President Claudia Sheinbaum announced that her government will limit oil production to 1.8 million barrels per day to promote a transition towards renewable energy sources.
In her inaugural speech to the nation, Mexican President Claudia Sheinbaum stated that her administration will limit oil production to 1.8 million barrels per day as part of a larger goal to promote energy transition towards renewable sources. She emphasized the importance of ensuring that national consumption remains the primary focus of Pemex's oil production, reorienting efforts toward improving energy efficiency and adopting renewable energy methodologies to meet growing demand sustainably.
Sheinbaum highlighted the contrast between her approach and the 2013 Energy Reform proposed by former President Enrique Peña Nieto, which aimed for a production target of 3 million barrels daily. She criticized that goal as environmentally unsustainable, asserting that prioritizing renewable energy sources and efficiency is a better strategy not only for current energy needs but also for future generations.
This shift in policy represents a significant change in direction for Mexico's energy landscape, aiming to balance the legacy of oil production with the pressing need for sustainability amidst climate concerns. As the landscape for energy transition evolves, Sheinbaum's stance reflects a growing recognition of the need for countries to adapt their fossil fuel dependency in light of environmental responsibilities and technological advancements in renewable energy.