Well, isn’t this precious?
Leaders of Mexico’s main leftist party trekked to Washington this week with a warning for U.S. power brokers—investors could lose their shirts if they put their money in the country’s energy industry.
Jesus Zambrano, leader of the Party of the Democratic Revolution, or PRD, the main party of Mexico’s splintered left, and other leftist politicians are in the middle of an unprecedented pilgrimage to Washington. They are meeting with U.S. officials, legislators and businessman to explain that a referendum being pushed by the PRD could undo a historic constitutional change passed late last year that opens the country’s oil and gas industries to private companies and foreign investors for the first time in 75 years.
Their message: Mexico’s energy reform is not a done deal. Until the fine print is dry, the country’s oil and gas fields are no place to bet a bundle.
Zambrano, a former communist guerrilla who has referred to D.C. as an enemy, didn’t get the turnout he expected last year when protesting the energy reforms.
Since it’s unlikely that the PRD would gather at least 1.6 million signatures, and get the Mexican Supreme Court to approve a referendum, they tried the next best thing: a junket to Washington, D.C.