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January 16, 2023

Critics of New Mexico’s oil and gas industry won’t turn down its revenue

Ask a Fool: Why Is It Bad for Companies to Have Tons of Cash? | The Motley Fool

 

The state of New Mexico received so much revenue from increased oil and gas drilling that the governor and legislators proposed a 12% spending increase in the state budget.

While Gov. Michelle Lujan Grisham has been a proponent of renewable energy, she also has been quick to take advantage of the money brought in by the oil and gas industry. The Carlsbad Current-Argus reported the governor and legislative leaders want a $9.4 billion budget for the next fiscal year.

Click here for Carlsbad Current-Argus

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