HB41 establishes a Clean Transportation Fuel Standard to reduce the "carbon intensity" of transportation fuels used in the state. The law sets targets to decrease greenhouse gas emissions from these fuels to 20% below 2018 levels by 2030 and to 30% by 2040. It introduces a system where producers and importers of low-carbon fuels can generate credits to sell to those dealing with higher-carbon fuels, pushing others to adopt cleaner energy sources.
The New Mexico State House of Representatives passed HB41 on February 3, 2024 by a vote of 36 to 33. We have assigned pluses to the nays because this bill expands government and infringes on individual freedoms and economic liberties. Tax dollars should not go toward complying with any aspect of the UN’s Agenda 2030, as it is not constitutional. Additionally, this legislation creates more government interference in the economy and advances the Marxist climate-change agenda. Businesses should have the freedom to conduct business without the government meddling in their affairs by setting unrealistic and costly regulations.
