Oil boom in New Mexico could stick taxpayers with cleanup costs -study
Reuters
3 hrs ago
By Nichola Groom
May 20 (Reuters) - Drillers in New Mexico have set aside only a tiny fraction of the money they will eventually need to clean up their wells, pipelines and other infrastructure in the state, leaving taxpayers at risk of footing some of the balance, according to a study published on Thursday.
Concerns are growing about who will pay for the environmental impact of more than a century of oil and gas production in the United States. The issue is front and center in New Mexico, which has rapidly grown into the nation's third-largest oil producer.