A major U.S. oil company encountered criticism and appreciation Thursday for its pledge to donate $1 to local school projects for every tank of gasoline purchased, as New Mexico schools and state government grapple with an increasing financial reliance on the fossil fuel industry.Read more
A proposed New Mexico endowment fund for early childhood programs would get money in cash-flush years from state oil and natural gas tax dollars and federal mineral leasing revenue, the top budget official in Gov. Michelle Lujan Grisham’s office told the Journal.Read more
New Mexico Gov. Michelle Lujan Grisham professed her full-throttled support for the oil sector on Tuesday, telling industry leaders that her Cabinet secretaries works for them and that she hopes the state can overtake North Dakota as the No. 2 oil producer among states.
Lujan Grisham, a Democratic former congresswoman, repeatedly thanked men and women of the oil industry for business growth that is underwriting major state spending initiatives on public education, health care and infrastructure projects — and that might bankroll her proposal for tuition-free college for in-state students.Read more
In the last 12 months, a record volume of LNG projects reached final investment decision. These totaled more than 80 million tonnes/year of new production, or 25% of the current market, according to an outlook by McKinsey & Co.Read more