Senator Antoinette Sedillo Lopez’s SB 149, which would ban new fracking licenses, will go before the Senate Conservation committee on Saturday. The oil and gas industry is an essential part of New Mexico’s economy, providing 134,000 jobs, $16.6 billion in economic activity, and 39% of the state government’s budget. A ban on new fracking operations would cripple that industry in New Mexico and drive out producers. Current geological science shows that fracking is safe and does not contaminate drinking water.
The Rio Grande Foundation submitted testimony in opposition to SB 149.
The meeting starts at 9 AM on February 13th, and you can watch the webcast here.