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  • oil

     Japo_Japo updated 4 weeks, 1 day ago 1 Member · 1 Post
  • Japo_Japo

    September 19, 2021 at 9:17 am

    To change that environment would be transformative to that area and for our state.”

    New Mexico Rep. Andrea Romero (D-46) of Santa Fe said the environmental impact of oil and gas as a driving factor to climate change was made worse by federal tax benefits provided to oil companies.

    She said the industry is a major economic driver in New Mexico, but lawmakers should work to reduce the state’s reliance in the face of mounting pollution concerns.

    More:New Mexico readies to present its ozone restrictions on oil and gas during public meeting

    New Mexico Rep. Andrea Romero (D-46)
    “To help the oil and gas industry right now just seems so contrary to our values as New Mexicans and Americans. In New Mexico we’re one of the worst emitters in contributing to climate change,” Romero said.

    “We are in a very tough position as legislators because it is such a big money maker for our state. We should get out of that and we should not be subsidizing this industry.”

    The initial letter calling on Heinrich and Lujan to support repealing fossil fuel “subsidies” was signed by multiple New Mexico environmental groups and residents across the state.

    It argued New Mexico’s financial reliance on oil and gas revenue and environmental harm associated with extraction were both made worse by tax and other fiscal benefits to the industry provide by the federal government.

    More:New Mexico Republicans credit oil and gas for revenue boost, report warns of volatility

    “Here in New Mexico, our communities additionally suffer from the harms of fossil fuels extraction and associated impacts of climate change,” the letter read. “Subsidies for fossil fuels make both of these problems worse. As the second-largest oil-producing state in the country, New Mexico must be a leader to prevent the combined harms of climate change.”

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