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Deadly lure of the US leaves trail of tears across two continents
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- Deadly lure of the US leaves trail of tears across two continents | World news | The Guardian.
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Although Hirsch was well known as a Precisionist artist throughout the 's in New York City, he experimented with different genres and approaches to painting. In the late 's, he met Elsa Rogo and they decided to get married and have their honeymoon in Mexico.
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The conflict between Precisionism's harsh, demanding attitude towards formal and representation brushed up against Hirsch's attraction to Mexican techniques which favored shifting color, expression, and folkloric themes. Some of these will be retained solely by Pemex, while other portions will be auctioned off in a joint-venture bid round, where foreign companies will be able to team up with Pemex.
The rest of it, especially the prized deepwater offshore blocks, will be apportioned out in an open-acreage bid round, which is expected to happen in December Canadian companies, says Keays, will likely have more of a role to play in other areas of industries. Those same geologic formations stretch into Mexico, prompting many to expect a bonanza of development to take place there.
Keays expects Pemex to retain much of this acreage and bring in foreign joint-venture partners who have expertise in shale — a major opportunity for Canadian companies. Oil and gas that is difficult to extract due to complex formations and geology is another area Keays expects extensive Canadian involvement.
The Lure of Mexico
Mexico has been trying to woo Canadian players down south for a number of years — in they opened a consulate in Calgary to further ties with the oil and gas sector. But Keays says while he is seeing a growing interest in Mexico amongst Canadian companies, many players are still skeptical. According to Keays, some small- and mid-cap firms, along with the service companies that had already been operating in Mexico, have shown a greater interest than larger oil and gas corporations. Cruz Rico has also seen an increase in the number of energy companies approaching him with interest in Mexico.
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But Mexico has yet to spell out whether or not energy companies will have any form of recourse. And there are already a few worrying signs.
Around 75 per cent of total foreign investment in the mining sector comes from Canada, and Canadian giants like Goldcorp Inc. But despite their success, many firms have tripped up when it comes to the issue that has long been the third rail of Mexican politics — land ownership. This has often brought them into conflict with foreign mining companies. In , Excellon, a Canadian silver miner, had one of its mines blockaded by ejidos for 99 days.