Top Texas oil and gas regulators face allegations of conflicts of interest, as they can profit from the industries they oversee

The Texas Railroad Commission is responsible for overseeing the state’s oil and natural gas development, coal and uranium mining and the natural gas utility services.

A series of new reports alleges that commissioners’ close ties to and investments in the industry they are charged with regulating creates conflicts of interest, and the agency’s policies don’t do enough to prevent such “regulatory capture.”

According to the third in a series of report from state-agency watchdog groups, “at least one commissioner owns direct stakes in oil and gas companies that the Railroad Commission regulates.”

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