Why Latin America’s left loves the petroleum economy

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Why Latin America’s left loves the petroleum economy
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Why is the Latin American left hostile to clean energy?

power plus electrification,” declared Vladimir Lenin in 1920. A century later, Andrés Manuel López Obrador’s methodology for the redemption of Mexico is his morning press conference plus oil. He wants to raise oil output by almost half, and is poised to build Dos Bocas, an $8bn refinery that will be his country’s largest. Mr López Obrador defends this as boosting Mexico’s energy security and sovereignty.

Ideology in part explains the enthusiasm for such projects among leftists. Fossil-fuel nationalism is a throwback to the concerns of the Latin American left of the mid 20th century.’s adviser for the project is José Alberto Celestinos, aged 90, who was in charge of building refineries for Pemex in the 1970s. “Oil is a fundamental national symbol in Mexico,” says Lorenzo Meyer, a historian. “To think of clean energy policies like in Europe is a luxury Mexicans can’t give themselves.

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