The Canadian capital investment funds, Caisse de dépôt et placement du Québec and CDP Groupe Infrastructures Inc, initiated last December 15 an arbitration process against Mexico before the Secretariat of the International Centre for Settlement of Investment Disputes (ICSID). In August 2022, Canada joined the request for consultations initiated by the US government in view of the increase in claims by companies that have operations in Mexico and that have been displaced and discriminated against, as they themselves have stated, by the Mexican government's efforts to give preference to the state-owned companies Petróleos Mexicanos (Pemex) and Comisión Federal de Electricidad (CFE).
Thus, this process is based on the energy policy of the current federal administration, and invokes the Trans-Pacific Partnership Agreement (TPP), to which Mexico is a signatory.
However, in a press release, the agency under Graciela Márquez Colín said that it reached a mutual agreement with both Canadian firms in order to seek a satisfactory solution, reiterating its commitment to dialogue between the companies to find a solution within the provisions of the treaty, without having to use the investor-state dispute settlement mechanism under the TIPAT.
