LatinNews Daily - 05 August 2022

* Mexico’s federal water commission (Conagua) has authorised the granting of 14 water concessions worth 3m litres to US brewer Constellation Brands, which is building a plant in the eastern state of Veracruz. In a press conference on 4 August, Constellation Brands’ vice president of communications Nina Mayagoitia said the brewer was “in the process of obtaining permits” and construction on the plant would begin once this had concluded. Mayagoitia affirmed that “not a stone will be moved” before the permits had been secured. Bernardo Martínez, Constellation Brands’ head of investment in the southeast, explained that the 14 concessions were granted after much analysis and the water would be sourced from a “fairly healthy aquifer” managed by the government and separate from the city’s source of water. This news comes at a time of increasing tensions over water following droughts across much of the country, with northern states and Nuevo León in particular most seriously affected. In a press conference on 1 August, Mexico’s President Andrés Manuel López Obrador said that Conagua would not be able to issue new water concessions in areas that were suffering from drought and urged state governments to be more careful in granting permits.

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