5 Feb 2010, 11:13pm
Latest Climate News
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Critics: Emissions Bill Would Cripple Businesses

KOAT-7 News, February 5, 2010, [here]

SANTA FE, N.M. — Critics of legislation that would lay the groundwork in New Mexico for a future regional or federal cap-and-trade program are pleading with state lawmakers not to pass the measure.

They contend it would cripple businesses, shutter the state’s coal-fired power plants and lead to expensive utility bills for residents.

Officials with the New Mexico Environment Department and supporters of the measure dismissed the concerns during a hearing Friday before the House Energy and Natural Resources Committee. They say the bill would not establish any cap on greenhouse gas emissions.

The legislation would allow state regulators to establish rules for early emissions reduction credits and voluntary offsets in preparation for a cap-and-trade program. It would also require emissions reporting for electricity imported to New Mexico.

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