New Mexico Gov. Michelle Lujan Grisham on Monday vetoed legislation to fund $50 million in a variety of projects and instead has earmarked it for the general fund to guard against low crude prices and the impact of the coronavirus.
Articles from Grisham
With the oil and natural gas sector pumping record amounts of revenue into the state’s economy, a freshman member of New Mexico’s legislature has proposed a four-year moratorium on hydraulic fracturing (fracking), Senate Bill (SB) 459, which would surely mean a hit for that economy.
Seeking to diversify the economy from its historic dependence on fossil fuel production, which includes substantial output from the Permian Basin, New Mexico Gov. Michelle Lujan Grisham wasted no time Tuesday after she was sworn-in to outline her priorities for education, jobs and renewable energy.
At a time when the oil and gas industry contends it is reducing methane emissions, the issue has become a topic of debate during this year’s midterm election in New Mexico.