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Tax credit extension provides reassurance for investors, startups, supporters say

The credit was originally set to expire at the end of next year but has been extended through 2030. ....

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Briefcase: Adelante Consulting hires director of business development

Briefcase: Adelante Consulting hires director of business development
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Senate passes clean fuel bill despite concerns about higher gas prices

By Daniel J. Chacón, Santa Fe New Mexican |
March 12, 2021
pixabay
A proposal to reduce New Mexico’s carbon footprint by going after greenhouse gas emissions from the transportation sector fueled a spirited debate Thursday in the state Senate.
At issue is whether Senate Bill 11, which would create a statewide clean fuel standard, would lead to higher prices at the gas pump for consumers, who lately have been experiencing sticker shock when they pull up to the pump.
The measure, sponsored by Sen. Mimi Stewart, D-Albuquerque, who disputed the notion that gas prices would shoot up, ultimately cleared the chamber on a party-line 25-14 vote but only after a two-hour discussion that left some lawmakers wondering whether a push to protect the environment would cost consumers. ....

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National and Local Companies Form New Mexico Clean Fuels Coalition to Support Diversification of State's Economy

[email protected]
Albuquerque, NM (March 5, 2021) – In response to New Mexico’s proposed Clean Fuel Standard legislation, 21 national and New Mexico-based companies and organizations formed the New Mexico Clean Fuel Coalition to support the state’s efforts to diversify New Mexico’s economy while decreasing greenhouse gas emissions. The Coalition was formed in conjunction with the Low Carbon Fuels Coalition, a national organization that plays a leading role in helping shape clean fuel policy at state and national levels.
If enacted, the Clean Fuel Standard Act, SB 11, would establish a market-based approach to cut greenhouse gas emissions from transportation fuels, requiring fuel producers and importers to reduce the amount of carbon in fuels used in New Mexico a 10% reduction by 2030 and a 28% reduction by 2040. Fuel producers and importers can meet the reduction goals by purchasing credits if they are not able to produce sufficiently low-carbon fuels. Credits ....

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We can improve environment and economy

We can improve environment and economy
Mimi Stewart and Nathan Small, Your view
© Eddie Moore/AP
Sen. Benny Shendo Jr., D-Jemez Pueblo, left, and others applaud Sen. Mimi Stewart, D-Albuquerque, foreground, after she was sworn in as the new President Pro Tem of the Senate, Tuesday, Jan. 19, 2021, at the start of the 2021 legislative session at the State Capitol in Santa Fe, N.M.
There is a common misperception that improving our environment comes at the cost of our economic wellbeing.
And it simply isn’t true.
We introduced the Clean Fuel Standard Act (Senate Bill 11) to help us advance many of our state’s ambitions: diversifying our economy, creating new jobs, reducing greenhouse gas emissions and combating climate change. ....

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