G20 Scorecard of Fossil Fuel Funding: Mexico

It continues to provide significant ($3.7 billion direct transfers, $2.8 billion tax expenditure, $9.9 billion induced transfers, support for oil and gas production and fossil 2. Pledges and commitments 7th / Weak $135 million public finance, $13.3 billion SOE fuel-based power, especially through state-owned investment) enterprise (SOE) investments. [...] This investment is predominantly provided by 5. Scale of support for fossil fuel 11th / High $12 billion of support to fossil fuel-based power power PEMEX, Mexico’s oil and gas SOE, for oil and gas production. [...] This was mostly due to a drop in SOE investment by 37% relative to the 2014-2016 See Table 2 in the main report for score descriptions and their relationship to numerical scores. [...] G20 Scorecard of Fossil Fuel Funding MEXICO enacted sweeping energy sector reforms since 2013, which eliminated certain References subsidies for the consumption of gasoline and diesel through the country’s International Energy Agency.