A recent article from the New Mexico Political Report highlights an important development in climate and energy policy. The new bill introduced in New Mexico is being touted by its supporters as just codifying the governor’s executive order on climate change and greenhouse gas emissions into state law, but the language offered up is greatly different and the bill, if passed, would be greatly detrimental to every sector of the state’s economy. The legislation is being sold as formalizing existing commitments to reduce emissions across various sectors, including oil and gas while advancing renewable energy goals. However, the required emission reduction benchmarks are unachievable without great reductions in economic activity in the state.

This proposal would have significant implications for energy producers operating in New Mexico, as well as those in agriculture, manufacturing, construction, and even residential homeowners. As the Permian Basin continues to play a vital role in energy production, PBPA continues to fight back against these types of legislative proposals that would unjustifiably limit oil and gas development in New Mexico.

You can read the full article here: Bill seeks to codify governor’s climate change, greenhouse gas executive order.

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