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An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

EnergyMexico

Claudia Sheinbaum wants Mexico to start fracking to get away from Trump’s natural gas. But she won’t call it that

By
María Verza
María Verza
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
María Verza
María Verza
and
The Associated Press
The Associated Press
Down Arrow Button Icon
April 9, 2026, 9:38 AM ET
sheinbaum
Mexico's President Claudia Sheinbaum speaks during her daily press conference at the Palacio Nacional in Mexico City on April 6, 2026. YURI CORTEZ / AFP via Getty Images

Mexican President Claudia Sheinbaum on Wednesday announced plans to tap into unconventional natural gas deposits in an effort to lower her country’s reliance on foreign energy at a time when the Iran war is disrupting global energy markets.

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But Sheinbaum — a scientist and climate expert — notably avoided the term hydraulic fracturing or “fracking,” a drilling method used to extract oil and natural gas from deep underground bedrock using a highly pressurized liquid. Instead, she framed the initiative as a quest for “sustainable” extraction, emphasizing that environmental impacts would be minimized to the greatest extent possible.

The technical feasibility of “sustainable fracking” is a subject of significant debate among environmental scientists and energy experts. But Sheinbaum said a technical committee will spend two months evaluating less harmful methods, such as utilizing nonpotable water and reducing chemical additives. The committee will also assess the potential costs of these mitigations, she said.

“All the gas we import comes from a type of extraction that has environmental impacts” and is “100 meters from the Mexican border,” she noted, alluding to fracking projects in Texas.

Mexico is the world’s single largest buyer of U.S. gas.

While noting that natural gas import contracts with the U.S. remain secure and the bilateral relationship is strong, she argued that increasing energy sovereignty is a responsible necessity. “Is more gas needed? Yes. Can all gas be replaced? Hardly,” she added.

Since assuming power in October 2024, Sheinbaum has pledged to expand renewable energy while maintaining firm support for the state-owned Petróleos Mexicanos. On Wednesday, she defended this stance by arguing that fossil fuels remain an essential component of Mexico’s energy landscape.

Sheinbaum said the priority is to reduce external energy dependence in turbulent times and avoid situations like the one experienced in Europe with the shortage of Russian gas during the war in Ukraine or the one caused by the current war in the Middle East.

Wednesday’s proposal — which is certain to spark controversy — comes amid a surge in infrastructure projects designed to increase U.S. gas imports. These developments aim to satisfy Mexico’s rising domestic electricity demand while positioning the country as a hub for re-exporting gas to Asian and European markets.

The CEO-in-Chief speaks. Fortune sits down with President Trump on tariffs, the Intel stake, Boeing's record orders, and what the markets should expect next. Read the interview
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