Albuquerque

Biden’s oil policies highlight rift in New Mexico politics – Albuquerque, New Mexico

Albuquerque, New Mexico 2021-06-10 10:08:12 –

Albuquerque, New Mexico (AP) – A small group of New Mexico legislators Biden administration suspends and reviews federal oil and gas leasing sales, They say they are committed to moving away from the state’s excessive reliance on fossil fuels.

A group of 24 Democrats sent a letter to the president on Tuesday, Secretary of the Interior Deb HaalandLawmakers write that planning economic diversification and reducing fluctuations in the industry’s business cycle with state budgets will be of utmost benefit in pursuing priorities such as education and health care.

They also aimed for federal royalties and rent, saying the system was outdated.

“As a state expropriator, a trustee that ensures that New Mexico properly claims the benefits of extracting resources from public land so that it can receive the fair and true market value of these resources. I am responsible, “read the letter.

The lettering effort was led by State Senator Carrie Hambren, who heads the Las Cruces Green Chamber of Commerce. Democratic legislative leaders were not among those who signed, and none were representing urban areas far from the state’s oil and gas patches.

The majority of New Mexico parliamentarians and Democratic Governor Michelle Lujan Grisham have spoken to the industry’s important role in funding state governments and to every corner of the state where the industry supports tens of thousands of jobs. Given the impact, we are taking a more conservative policy.

House Republican leader Jim Townsend called the letter irresponsible for failing to offer a concrete plan to protect New Mexico’s jobs and state revenues.

Regarding educational outcomes and families living in poverty, Townsend quoted the state’s lowest-ranking statistics and said plans to move to other energy sources to prevent the state from deteriorating. He said stopping oil and gas operations in New Mexico would only encourage investment and employment elsewhere.

“It doesn’t make any sense. There’s no reason to say that we’re all against fossil fuels, other than the party’s idealistic mantra so far,” he said. ..

Luhan Grisham warned in a letter to President Joe Biden in March New Mexico will lose nearly three-quarters of $ 1 billion over the next few years, even if oil and gas production declines slightly due to federal action to curb leasing on public land There is a possibility.

The governor said an economic loss of that scale would affect her administration’s ability to achieve goals such as universal access to early childhood education. Legislative analysts earlier this year pointed out that recovery in oil prices and production accounted for about 75% of the state’s projected increase in general revenue dollars.

Robert McEntire, a spokesman for the New Mexico Petroleum and Gas Association, said:

According to McEntire, federal land development alone accounts for $ 1.5 billion, or almost 20% of New Mexico’s budget. He said the concern was the chilling effect of Biden’s policies on future investment and production, and ultimately on state revenues.

“As other parts of the industry and economy recover from the catastrophic effects of the pandemic, leasing bans and other regulatory hurdles are a neighborhood where New Mexico’s rebounds are uneven and do not share our economic characteristics. It just guarantees that it is inconsistent with the state, “he said.

Biden’s oil policies highlight rift in New Mexico politics Source link Biden’s oil policies highlight rift in New Mexico politics

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