New Mexico has imposed a record $48 million fine on Targa Resources, a natural gas company, for emissions violations. This penalty underscores the state’s commitment to enforcing environmental compliance among industrial operators. Zachary Ogaz, the general counsel of the New Mexico Environment Department, emphasized the department’s stance, stating, “If you violate your permit by failing to effectively invest in compliance, we will hold you accountable.”
The state has also mandated Targa Resources to invest an additional $140 million in upgrading its facilities to mitigate future emissions issues. These upgrades are crucial in ensuring that the company meets environmental standards and reduces its carbon footprint.
This enforcement action reflects New Mexico’s broader environmental regulatory strategy and signals to other industry participants the importance of adhering to compliance standards. For further details on this development, please visit the original article published by Corporate Counsel.