Crashing oil industry hobbles NM

Crashing oil industry hobbles NM

New Mexico has put itself into a box with its heavy reliance on oil and gas revenues — now approximately one-third of the state’s budget, a percentage that increased significantly after tax cuts for the wealthy and corporations were passed in 2003 and 2013. To be clear, the state’s economy is far broader than oil and gas, but we have failed to build a tax structure that is fair and resilient. In order to diversify our economy and build a just and equitable New Mexico we must hold Big Oil accountable. Revenues from oil and gas should be invested and used for limited projects rather than being put in the general fund. 

Court challenge: Feds cut out public on 40,802-acre NM oil and gas leases

Court challenge: Feds cut out public on 40,802-acre NM oil and gas leases

Moving to protect the climate, public health, and to further environmental justice, a coalition filed suit to overturn the sale of leases on nearly 41,000 acres of public land in New Mexico for oil and gas drilling. The BLM did not allow a comment period on the lease sale’s draft environmental assessment, and held only a lightning-quick, 10-day protest period. In addition, the coalition charges that for this lease sale.