New Mexico legislators grapple with oil and gas industry reforms

In the midst of a legislative session, New Mexico lawmakers debate key bills impacting the state's dominant oil and gas sector.

Jerry Redfern reports for Capital & Main.

In short:

New Mexico's legislature is considering four bills that could significantly alter the state's oil and gas industry, including changes to royalty rates and enforcement funding.
The proposed legislation comes in response to the state's environmental challenges, exacerbated by climate change and the oil and gas industry's impact.
Key debates focus on updating the Oil & Gas Act and increasing funding for agencies responsible for enforcing environmental regulations.

Key quote:

“Our side has negotiated in good faith, made compromises, industry has not been willing to make commensurate compromises.”

— Tannis Fox, senior attorney with the Western Environmental Law Center

Why this matters:

This legislative battle in New Mexico underscores the complex relationship between environmental stewardship and economic reliance on the oil and gas industry. The outcome could set a precedent for balancing economic interests with the need to address climate change and its health impacts.

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Key quote:

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