
Mexico Bans Oil and Gas Fracking in Key Shale Basin
Mexico has officially banned oil and gas fracking in a key shale basin, as announced by Sheinbaum. This decision marks a significant policy change regarding energy extraction in the country.
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Mexico Bans Oil and Gas Fracking in Key Basin, Sheinbaum Says
Mexico’s government will not allow unconventional drilling in a key shale basin, as officials cautiously explore the politically sensitive practice as a way to reduce dependence on US natural gas.
By Scott Squires
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Mexico Bans Fracking In Key Shale Basin By Julianne Geiger of OilPrice.com Mexico has ruled out fracking in a key shale basin, drawing a line through a resource-rich area even as the country looks for ways to cut its dependence on U.S. natural gas. President Claudia Sheinbaum said hydraulic fracturing will not be allowed in the Tampico-Misantla basin beneath Veracruz and Tamaulipas. The government cited the basin’s dense population, indigenous communities and freshwater reserves...
By Tyler Durden
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