Economy

Biden admin unleashes 50-year mining, oil drilling ban across thousands of acres in New Mexico

The Biden administration proposed to block of thousands of acres from future oil drilling or mining in northern New Mexico in an effort to protect Native American lands.

According to the Department of the Interior (DOI), the proposal would ban new mining claims and oil and gas development across more than 4,200 acres in Sandoval County, New Mexico, located north of Albuquerque. If finalized and implemented, the action would remain in place for up to 50 years.

‘Today we’re responding to call from Tribes, elected leaders, and community members who want to see these public lands protected,’ Interior Secretary Deb Haaland said in a statement. ‘We look forward to hearing more from the public to inform decisions about how activities, like gravel mining, may impact these lands, including the important cultural and natural resources.’

‘We recognize the importance of the Placitas area, both for Tribal Nations and for the local community who visit and recreate in this area,’ added Melanie Barnes, the state director of the Bureau of Land Management’s (BLM) New Mexico office.

In its proposal, the BLM stated that the action was designed to ‘protect, preserve, and promote the scenic integrity, cultural importance, recreational values, and wildlife habitat connectivity’ in the region. 

The DOI said the Pueblo tribes of San Felipe and Santa Ana have previously advocated for protections in the area which contains archeological resources from hundreds of years ago. The area is also popular for hiking, camping, sightseeing and hunting.  

In 2019, Haaland, who at the time served in Congress and as vice chair of the House Natural Resources Committee, introduced the Buffalo Tract Protection Act which would mimic the actions taken Monday. At the time, Haaland said residents and tribal citizens in the region bear the brunt of pollution produced from the area’s many mines.

Earlier this year, Sen. Martin Heinrich, D-N.M., and Rep. Melanie Stansbury, D-N.M., reintroduced the legislation. The pair have also repeatedly called on the DOI to take action blocking mineral development in Sandoval County.

‘It is time we put an end to this years-long debate and withdraw these parcels from future mineral development,’ Heinrich said during a March event in Albuquerque alongside Stansbury.

Using information available from the BLM, the Congressional Budget Office issued a report on the Buffalo Tract Protection Act in August concluding that the area impacted by the mineral ban has high potential for sand and gravel extraction and minimal potential for development of other minerals. Sand and gravel extraction is key for various infrastructure projects like roads.

The report projected the land withdrawal would result in a decrease of $2 million in federal revenue.

This post appeared first on FOX NEWS

You May Also Like

Stock

Union members at Ford, Stellantis and General Motors have ratified a new 4½-year contract, locking in at 11% pay increases secured after a six-week...

Investing

ASX-listed Antilles Gold (ASX:AAU, OTCQB:ANTMF) is an Australian mining company focused on gold and copper projects in Cuba through joint ventures with the Cuban...

Editor's Pick

California Gov. Gavin Newsom announced Sunday that he was appointing Emily’s List President Laphonza Butler as the replacement to former senator Dianne Feinstein (D-Calif.),...

Editor's Pick

JERUSALEM — Iran launched a massive attack of more than 300 missiles and drones toward Israel late Saturday, a stunning assault that put the...

Disclaimer: investmentintellecthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 InvestmentIntellectHub.com