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LWV Lunch With A Leader: Commissioner SGR June 17

LWV Lunch With A Leader: Commissioner SGR June 17
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FRI: Ex-Labor Official Says Safety Threats Prompted Resignation, + More

Ex-Labor Official Says Safety Threats Prompted Resignation - By Morgan Lee Associated Press The former leader of the state Workforce Solutions Department ....

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THURS: Former Labor Secretary Says He Faced Threats, Obelisk Protestors Avoid Jail Time,+ More

THURS: Former Labor Secretary Says He Faced Threats, Obelisk Protestors Avoid Jail Time,+ More
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NM Land Commissioner Calls For Action On Oil And Gas Bond Requirements

Credit Stephanie Garcia Richard
ALBUQUERQUE, N.M. New Mexico’s financial assurance requirements for oil and gas wells, pipelines and related infrastructure fall far short of what would be needed to offset closure and cleanup costs.
That s the finding of an independent study commissioned by the state after concerns were raised last year about taxpayers being left on the hook if companies go bankrupt or abandon their operations without cleaning up.
The study pegged the bonding gap at more than $8 billion. Land Commissioner Stephanie Garcia Richard called the estimate staggering. She says the state needs to take action to ensure companies are adequately bonded. She s planning a series of public meetings on the issue. ....

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New Mexico official takes aim at oil, gas bond requirements

New Mexico official takes aim at oil, gas bond requirements
SUSAN MONTOYA BRYAN, Associated Press
May 20, 2021
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FILE - In this April 24, 2015 file photo, pumpjacks work in a field near Lovington, N.M. New Mexico’s financial assurance requirements for oil and gas wells, pipelines and related infrastructure fall far short of what would be needed to offset closure and cleanup costs, according to the findings of an independent study released Thursday, May 20, 2021.Charlie Riedel/AP
ALBUQUERQUE, N.M. (AP) New Mexico’s financial assurance requirements for oil and gas wells, pipelines and related infrastructure fall far short of what would be needed to offset closure and cleanup costs, according to the findings of an independent study released Thursday. ....

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