Mexico has big plans for clean energy. They do not include the USA.

Mexico’s likely next president intends to ensure a cleaner electricity grid in the country while blocking U.S. investments.

Former Mexico City Mayor Claudia Sheinbaum, the front-runner in the country’s June 2 presidential election, is an environmental scientist who has pledged to invest billions of dollars in renewable energy. However, it also presented a plan to limit private sector investment in the electricity market.

A merger could perpetuate the Mexican government’s dominance of the country’s energy sector, cutting off opportunities for U.S. companies to invest in Mexico’s clean energy transition. Experts say that could derail Sheinbaum’s ambitious plans to boost solar and wind projects and further use of planet-warming fossil fuels in Mexico’s economy.

“I don’t think the (renewable energy) project is actually achievable, not in the short, medium or long term, for state-owned enterprises,” said Edmundo Sandoval, deputy director of global risk analysis at Control Risks, an international risk consulting firm.