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Stock impact report

New Mexico seeks record $47.8M fine for excess air pollution by natural gas processor [Yahoo! Finance Canada]

Targa Resources, Inc. (TRGP) 
US:NYSE Investor Relations: ir.targaresources.com/trc/events.cfm
The state Environment Department issued the sanctions including a cease and desist order against Houston-based Targa Resources at its processing plant near Jal, New Mexico, alleging excess emissions of gases known to cause respiratory issues or contribute to climate change including ozone-producing pollutants. Representatives for Targa could not immediatly be reached for comment. Regulators say Targa has 30 days to respond and comply or request a hearing with the agency secretary. Regulators also have ordered a series of corrective actions and improvements to the facilities that process gas for transmission by pipeline. The New Mexico Court of Appeals last month upheld regulations aimed at cracking down on air pollution in one of the nation's top-producing oil and gas states. That case centered on a 2022 rule to curb pollutants that chemically react in the presence of sunlight to create ground-level ozone, commonly known as smog. The proposed air pollution fine against Targa Show less Read more
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