Pemex is in hot water after a massive Veracruz oil spill sparked environmental flare-ups and scrutiny of state control vs. private risk. Mexico’s oil giant, created 1938, is Mexico’s state-owned energy behemoth.
A large offshore oil spill has spread across Veracruz and Tabasco, affecting coastlines, reserves and fisheries. Authorities cite natural seeps and a vessel as possible sources, while environmental groups push for greater transparency and accountability.
A large oil spill off Veracruz has spread over 373 miles into protected areas, affecting marine life and local fishermen. While the government attributes the spill to natural seeps, environmental groups suggest it originated from a pipeline operated by Pemex, raising questions about transparency and accountability.