"Mexico's Climate Law To Face Challenge Under New President"

"Mexico's new president is unlikely to implement much of the sweeping climate change law signed in June by outgoing President Felipe Calderon amid inevitable resistance from industry and his party's focus on accelerating economic growth and ramping-up oil and gas production, policy experts said."

"Enrique Pena Nieto, who will take office in December after winning national elections earlier this month, will bring the Institutional Revolutionary Party (PRI) back to the presidency after a 12-year hiatus, resuming its 71-year reign over Mexico.

One of Pena Nieto's main campaign promises had been to reinvigorate sagging oil and gas production by reforming Mexico's state-owned giant Pemex to allow more private investment."

Marcelo Teixeira reports for Reuters July 25, 2012.

Source: Reuters, 07/25/2012