Gas flaring is the nasty little process where natural gas processing plants (or other oil and gas production sites) burn off flammable gas into the atmosphere. It’s a common practice but it’s extremely wasteful and also harmful to the environment.
New Radio Ad: While New Mexicans suffer at the pump, oil and gas industry gets huge tax breaks
This week, Progress Now New Mexico Education Fund Launched a radio ad calling attention to the $4 billion in tax breaks the oil and gas industry enjoys despite making $137 billion in profits last year alone.
The ad, which can be heard by clicking the play button to the left, contrasts the pain New Mexicans are feeling at the pump with the outrageous tax benefits and profits oil companies are enjoying.
“So many New Mexicans are feeling the pain at the pump,” said Progress Now New Mexico Executive Director Pat Davis. “It’s outrageous to learn that big oil companies are not only making $137 billion in profits they are also getting $4 billion in tax breaks.”
The ad, “Pain at the Pump,” also calls attention to Representative Steve Pearce, who has voted eight times since February of 2011 to preserve these oil company tax breaks.