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Analysis finds $8 1 billion gap in New Mexico bonding requirements, clean up costs for oil and gas

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

New Mexico official takes aim at oil, gas bond requirements
ncadvertiser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ncadvertiser.com Daily Mail and Mail on Sunday newspapers.

THURS: Protesters Avoid Jail Time In Santa Fe Monument Case, State Fair Returning, + More

THURS: Protesters Avoid Jail Time In Santa Fe Monument Case, State Fair Returning, + More
kunm.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kunm.org Daily Mail and Mail on Sunday newspapers.

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