"Oil and gas companies have shown that absent stronger financial assurance requirements, they will gladly saddle the state and taxpayers with the bill for cleaning up industry messes, and the existing $8 billion-plus cleanup gap is outrageous," said Ally Beasley, attorney at the Western Environmental Law Center. "We must stop this practice of public exploitation by the oil and gas industry and address the generational problem of abandoned oil and gas wells and ongoing pollution to New Mexico's air, land, water, and communities. These reforms will start that process."

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