Pemex

Canada joined forces on Wednesday, July 20, 2022, with the United States in a bilateral effort to push back against what they consider protectionist energy policies in Mexico that violate both the spirit and the letter of North America's new trade rules.

Mexican President Andres Manuel Lopez Obrador announced a $3.9 billion bailout for the country's cash-strapped, state-owned oil company on Friday, February 15, 2019, and promised it an additional $1.6 billion in revenue, making it a rescue package of up to $5.5 billion.