news releases

Groups petition Oil Conservation Commission to take action to stop growth of staggering $8 billion oil and gas cleanup gap

73 Views   

Petition to modernize oil and gas accountability laws protects taxpayers, public health, and environment by cleaning up more wells more quickly

Santa Fe, NM – Today, advocates across New Mexico petitioned the Oil Conservation Commission to modernize woefully outdated laws governing oil and gas cleanup, financial assurance and operator transfers. New Mexico’s oil and gas industry is inadequately bonded to the tune of $8.18 billion according to a study commissioned by the New Mexico State Land Office and conducted by the Center for Applied Research. This is a huge financial burden which risks falling on the shoulders of taxpayers. Bonding is essentially “insurance” that would cover the cleanup of well sites in the event that oil and gas companies walk away from their responsibilities, and is legally required prior to drilling. Petitioners include the Western Environmental Law Center, Citizens Caring for the Future, Conservation Voters New Mexico Education Fund, Diné C.A.R.E., Earthworks, Naeva, New Mexico Interfaith Power and Light, San Juan Citizens Alliance, and Sierra Club Rio Grande Chapter. The Western Environmental Law Center represents the coalition.

More Releases

Daily Update, Thursday, June 27, 2024

152 Views   Ground efforts hindered by severe weather conditions Interactive property map updates available for Village of Ruidoso. Property access status updates are available, including

The New Mexico News Network is a service of the New Mexico Broadcasters Association. 

Latest News

Latest Releases