Oil and Gas Puts $1.1 Million into New Mexico Politics. What Does That Money Buy?

Mexico oil and gas companies put thousands of dollars every year into New Mexico’s political campaigns. This is on both sides of the aisle. It is seeking to influence policy to protect continued growth in the industry. Currently, it represents about a third of the state’s budget.

That amounted to about $1.1 million in political contributions between Oct. 5, 2021, and April 4, per a report from New Mexico Ethics Watch, leading up to the 2022 Mid-term Election.

The latest chunk of change came in a year when New Mexicans could choose a new governor, and the three top candidates in that race were the state’s biggest recipients of oil and gas dollars.

Mark Ronchetti, a former weatherman seeking the GOP nomination for governor got the most with $300,000 coming to his campaign from oil and gas during the latest six-month reporting period, read the report, followed by Republican State Rep. Rebecca Dow with $122,000.

While Republicans are typically viewed as the party with more support for oil and gas, Democrat incumbent Gov. Michelle Lujan Grisham was the third-highest recipient of oil and gas money in the state, the report read, with about $60,000.

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Source: Carlsbad Current-Argus

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