MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 13.May.2025, Words: 273) — Petróleos Mexicanos (Pemex) said its recent exclusion from the investment portfolio of the global pension fund of the Norwegian government started in 2014 and for different reasons, including alleged acts of corruption within the company during the 6 year term of another Mexican president.
The fund had been reducing its fixed income exposure to Pemex over several years due to the deterioration in the state-owned company’s credit rating and issues related to new criteria around its environmental, social and governance (ESG) agenda.
