Colombian President Gustavo Petro, elected to combat the country's political corruption, is now embroiled in multiple scandals, facing opposition from Colombian elites and judicial officials. Accusations of a 'soft coup' attempt by these elites aim to undermine Colombia's first left government, with concerns over uninvestigated drug cartels and the use of the 'lawfare playbook' against Petro. Meanwhile, in Brazil, President Lula's interventions in Petrobras, the state-owned oil giant, have raised concerns about undermining the company's recent successes and increasing corruption risks. Petrobras has outperformed major competitors like ExxonMobil and Chevron but faces challenges due to political interference. Additionally, Mexico's President López Obrador has expanded his control over the energy sector by acquiring a majority stake in Iberdrola SA's energy assets for $6 billion.
Brazil’s president is increasingly meddling in the country’s state-owned oil company, Petrobras, after several years during which state interference had declined. It is leading to poor business choices. It also increases the possibility of corruption https://t.co/JQKGSDloj4 👇
#Brazil: As Petrobras Haggles With Mubadala, Key Oil Refinery Bonds Soar Petrobras in talks to buy back the refinery it sold in 2021 Under Acelen’s control, refinery has struggled to compete #oott https://t.co/9ESP2dYn9m
Brazil´s state-controlled oil giant Petrobras has no plans to lower jet fuel prices as part of a wider effort to rescue struggling Brazilian airlines https://t.co/MvOUWSih2q
Petrobras hit a nadir as the centre of a sprawling corruption scheme that erupted in 2014. But Brazil’s state-owned oil company has since turned around to become the top oil firm in Latin America. Will Lula undermine its success? https://t.co/HQvyUTc6fP 👇
AMLO Tightens Grip on #Mexico Energy as Iberdrola Deal Gets Nod @business https://t.co/porfJbNV9d
Why Lula keeps meddling with Latin America’s top oil company https://t.co/Y0J08Kqpom
President Andrés Manuel López Obrador tightened his grip on Mexico’s power industry Thursday after getting a green light to buy a $6 billion majority stake in Iberdrola SA’s energy assets. https://t.co/RT8mZWRgzT
The Colombian right is attempting to oust President Gustavo Petro from power using the same the “lawfare” playbook successfully wielded against other left governments in Latin America. https://t.co/0qK4wPCpRn
The shares of Petrobras, Brazil’s state-owned oil company, have outperformed those of ExxonMobil and Chevron in the past year. But Lula’s meddling is undermining the firm's hard-won gains https://t.co/wdUVWHJzWm 👇
Colombian elites are attempting to carry out a “soft coup” against President Gustavo Petro. If successful, it would mean the defeat of Colombia’s first left government. https://t.co/0qK4wPBS1P
Colombian elites are determined not to let leftist president Gustavo Petro serve out his full term. As top judicial officials target him and his cabinet, drug cartels and their links to the far right remain uninvestigated. https://t.co/0qK4wPBS1P
Colombians elected Gustavo Petro to put an end to the grubby dealings of the country’s political elite. The president now finds himself mired in a constellation of scandals https://t.co/EAFG3HWq9v 👇