Today ProgressNow New Mexico joined with almost 30 (29!) New Mexico organizations in congratulating Governor-elect Michelle Lujan Grisham in a full-page ad in the Santa Fe New Mexican and in thanking her for her commitment to fighting methane waste in the state through comprehensive statewide rules. As noted in the ad, New Mexico oil and gas producers waste as much as $240 MILLION EVERY YEAR in natural gas (mostly made up of methane) that is either leaked or purposely flared or vented during production. That’s enough natural gas to heat EVERY home in New Mexico for a year. But, besides the actual loss of our valuable resources, that waste is also hurting our families in the state in more ways than one:
Wasted methane means wasted money- All that natural gas that producers aren’t capturing or are purposefully burning is costing the tax-payers of New Mexico over $27 MILLION every year in lost royalties. The oil and gas lobby loves to talk about how much they contribute back to the state, so why are they sending literal millions of dollar up in smoke every year?