The American company has declined the criticism and buyout offer from Mexico, stating that the president's initiatives are detrimental to the environment.

Reported 4 months ago

Alabama-based Vulcan Materials has rejected Mexican President Andrés Manuel López Obrador's offer to buy its Caribbean coast property for $385 million, stating that the offer undervalues the assets. The company, embroiled in a years-long dispute with the president, claims their operations have not harmed the environment as alleged, unlike other quarries supplying the Mayan Train project. López Obrador aims to repurpose the property for tourism and naval operations, which Vulcan Materials argues may not serve environmental conservation but rather commercial tourism purposes.

The American company has declined the criticism and buyout offer from Mexico, stating that the president's initiatives are detrimental to the environment.

You may also interested in these wikis