Hannah Grover/NM Political Report
Oil and gas infrastructure could leave the state with a hefty price tag for cleanup if companies go bankrupt, according to a new analysis completed by the Center for Applied Research.
The analysis found an $8.18 billion difference between the bonds for the infrastructure in the state and the cost of cleaning up the sites. Companies issue bonds to provide financial assurance that the sites will be cleaned up in case of bankruptcy.
The Center for Applied Research is an economic consulting firm that focuses on “resource valuation and market analysis pertaining to tribal lands and state trust lands,” Chad Linse, an economist with the organization, told
New Mexico official takes aim at oil, gas bond requirements
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New Mexico official takes aim at oil, gas bond requirements
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New Mexico official takes aim at oil, gas bond requirements
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