US and Mexico strengthen energy cooperation

 
The representatives of the United States and Mexico have signed several agreements strengthening the ongoing cooperative activities on energy development, conservation and preparation for the impacts of climate change on the two countries’ shared natural resources.

In a memorandum of understanding (MoU) signed by Secretary Jewell on behalf of the US Department of the Interior, and Secretary Pedro Joaquín Coldwell on behalf of the Mexican Ministry of Energy, both leaders agreed to enhanced coordination on energy resources, including conventional, unconventional and renewable energy resources.

The MoU outlines several commitments between the US and Mexico to increase safety and transparency, highlighting safe and responsible development of both onshore and offshore energy resources.

Jewell said: “As allies and partners, the economies of the U.S. and Mexico are inextricably linked and a strong energy sector is a key part of that equation. I commend Mexico for its ambitious energy reforms and look forward to partnering with its new regulatory institution, the Energy, Environment and Safety Agency, as we seek to develop energy safely and responsibly.”

The agreements were signed on February 25 during the third round of the US – Mexico High-level Economic Dialogue (HLED).

The HLED forum was created by Obama Administration in 2013 to elevate and strengthen the US and Mexico commercial and economic relationship in the interest of advancing mutual economic growth, job creation, and competitiveness.

As reported earlier this month, the energy leaders from Canada, Mexico and the United States signed an MoU to collaborate and share information on six key areas including clean energy technologies, and  climate change adaptation.