New Mexico abandons pipeline investment dealProposed line will move natural gas from San Juan basin to connections with major interstate lines; legal review found proposal didn’t meet statutory requirements for state investment because stock not listed on national exchange The Associated Press
New Mexico state officials have abandoned a proposal to investment millions of dollars in a natural gas pipeline in northwestern New Mexico after questions about the legality of the deal.
The state Investment Council in late August gave Kansas-based Earth Energy and Environment until Sept. 1 to ans....
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Project will still go ahead
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