Climate Policy Engagement Analysis
Climate Policy Engagement Overview: Pemex is actively engaged on climate change policies in Mexico with positions that are broadly misaligned with science-aligned climate policy pathways. The company is opposed to a full transition of the energy mix away from fossil fuels, although it has stated support for scaling up renewable energy sources and green hydrogen.
Top-line Messaging on Climate Policy: Pemex appeared to broadly support climate policy in its top-line messaging with some exceptions on the need for government regulation. In an April 2025 press release the company seemed to support more ambitious action to reduce emissions to 1.5ºC, but did not clearly support México’s 2050 net zero target. In its 2024 Sustainability Report, published in August 2025, Pemex supported Mexico’s commitment to reduce methane emissions. However, in March 2024 the former CEO Octavio Romero Oropeza emphasizing the need to recognize the differences between societies and the different starting points when targeting net zero emissions by 2050. In an August 2024 comment to regulators Pemex did not seem to support the Mexican Climate Change Strategy prioritizing public policy in areas vulnerable to climate change. In its 2024 Sustainability Report, published in August 2025, the company seemed to support the UN Paris Agreement’s targets.
Engagement with Climate-Related Policies: Pemex appears have limited public engagement with specific climate change regulations in Mexico in 2023-25. In its 2024 CDP Climate Change Disclosure, the company broadly supported the implementation of Mexico’s Emissions Trading System. In its 2023 Sustainability Report published in August 2024, Pemex advocated for the inclusion of compensation credits in the policy, a position which has an unclear impact on the policy ambition.
Positioning on Energy Transition: Pemex opposes the transition of the energy mix, although in 2025 it has recognized the need for scaling up renewable energy sources alongside maintaining a role for fossil fuels. On X in August 2025, the company supported an ‘accelerated transition’ including biomass, solar power and hydropower. In a June 2025 press release, Pemex supported hydrogen produced from renewable energy for use in hard-to-abate sectors. However, on X in the same month, the CEO Víctor Rodríguez Padilla supported a long-term role for oil in the energy mix. Its 2024 Sustainability Report, published in August 2025, also stated that fossil fuels will continue to be the main source of primary energy for ‘many more years to come.’ In a comment to regulators on the Mexican National Climate Change Strategy in August 2024, Pemex proposed weakening fossil fuel phaseout language by advocating for the gradual substitution of fossil fuels with low emissions energy and energy efficiency, while proposing to replace fuel oil with fossil gas, stressing the intermittency of renewables. The company has consistently advocated for new fossil fuel exploration and production, for example, in March 2025 news outlet Energia a Debate quoted CEO Víctor Rodríguez Padilla’s support for new fossil fuel resources.
Industry Association Governance: Pemex disclosed a partial list of its industry association memberships and indirect climate-related lobbying activities, but has not published a full disclosure of its industry links. InfluenceMap detected that Pemex is a member of the Asociación Mexicana de Empresas de Hidrocarburos (AMEXHI), and a senior executive of subsidiary Pemex Deer Park is on the board of the American Fuel & Petrochemical Manufacturers Association which are engaging negatively with Mexican and US climate policy respectively.
In addition, Pemex is a listed company with more than 50% of its shares owned by the government of Mexico. State-owned enterprises likely retain channels of direct and private engagement with government officials that InfluenceMap is unable to assess, and therefore are not represented in Pemex's engagement intensity metric.
InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q3 2025.