Mexico’s National Action Party (PAN) has outlined a proposal for energy market reform, which entails amendments to the constitution removing obstacles that have blocked private investment in the country’s oil and gas sector. “It is an unsustainable, non-viable model that needs to be thoroughly reformed in order to return to productivity,” PAN party chairman Gustavo Madero told reporters. The Institutional Revolutionary Party, or PRI, will release details of its own energy reform proposal in September. [Reuters]

For more on prospects for energy reform in Mexico, see Mexican Political Parties Align Behind Energy Sector Reform.

Spain has had its own issues with unsustainable energy policies. The country was forced to roll back costly renewables incentives, undermining investor appetite for new renewable energy projects. “The government failed to cut subsidies when renewables were booming, so the cuts have had to be draconian…And after repeated retroactive cuts no one is willing to invest in renewable energy any more.” [Economist]

And TransCanada has shot down an EPA proposal to incorporate renewables into the controversial Keystone XL oil pipeline from Canada to the US. “Keystone does not control the source of the power it purchases,” the company said in a letter to the State Department. [Bloomberg]