Mexico Pushes Fracking Incentives to Cut US Gas Dependence

Mexico Energy Policy Key Facts —Policy reversal. President Sheinbaum has endorsed unconventional gas development, pivoting from earlier pledges to ban fracking. —Fiscal levers. Existing law allows 100% deduction of exploration costs, and a 2024 decree granted tax credits on profit-sharing payments. —Pemex’s plan. The 2025–2035 strategy targets unconventional reserves and calls for private investment to…