Tax Fairness & Budget Adequacy Blog
Methane rule to help fight crises
Albuquerque Journal--Each year in New Mexico, oil and gas companies waste hundreds of millions of dollars’ worth of natural gas through venting, flaring and leaks, all of which worsens air pollution and costs the state more than $43 million in royalty and tax revenue. That is enough revenue to increase pre-K enrollment by 80% and offer more than 7,000 additional New Mexico kids access to quality early childhood education.
Big oil and gas get break while NM children get shortchanged
Las Cruces Sun-News--Some of the money that supports New Mexico’s education system comes from royalties and rental payments paid by the oil and natural gas industries. Because we understand how fortunate we are to have those natural resources, we tend to forget our responsibility to be the very best stewards of them that we can be.
Your turn: Gas and oil lease sales highlights need to updates rates
Deming Headlight--Public lands belong to all of us, which means every New Mexican should be reaping the benefits. Yet, oil and gas companies continue to enjoy sweetheart deals for drilling on our public lands, as exemplified by this week’s lease sale. We urge Congress to take action and update the federal government’s fiscal policies for public lands drilling; our children’s futures depend upon it.