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Pemex Exploits Fossil Fuels with Money from International Banks

The Mexican government has constructed the Olmeca refinery in the industrial port of Dos Bocas to reduce gasoline imports. The refinery, which is expected to be fully operational in 2024, has already provided revenue for the local economy. However, there are concerns about its impact on the environment and the safety of the local population. The construction of the refinery has been financed by public funds from Pemex, the state-owned oil company, and the company has also received significant financial support from international banks. However, this financial support has contributed to Pemex becoming the oil company with the highest debt in the world.

The post Pemex Exploits Fossil Fuels with Money from International Banks appeared first on Balanced News Summary.



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