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Last month, a group of 24 New Mexico Democrats sent a letter to President Biden supporting the administration’s moratorium on federal oil and gas leases. While my former colleagues are correct that we have a responsibility to combat climate change, they conveniently fail to acknowledge the devastating impact banning oil and gas operations on federal lands and waters will have on our recovering economy here in New Mexico, and the fact President Biden’s executive order could very well just be the tip of the iceberg.
The Biden administration has clearly made environmental regulation a priority, but additional, and potentially overreaching, regulation on the oil and gas industry will gravely impact our state and threaten our state’s revenues and future. Our elected officials need to instead find a solution that works for both New Mexico’s business community and our environment.