Mexico’s Sheinbaum Wants Debt-Laden State Oil Giant to Go Green

Mexico’s leading presidential candidate wants to revitalize the nation’s troubled state oil company with a new focus on clean energy. But first, Claudia Sheinbaum knows she has to fix Petroleos Mexicanos’ $106 billion debt problem.

“We have to work on two fronts: on the one hand, the refinancing of the debt,” the frontrunner said at Mexico’s annual banking convention in Acapulco Friday. “At the same time, the entry of Pemex into other energy sources or other types of electricity generation.”