New Mexico Bill First Step Toward Carbon Storage

Rancher Jack Chatfield sees untapped value in the spaces that lie beneath New Mexico's dusty landscape. But he said the state needs to first decide who owns them. Scientists are looking at underground fissures and caverns as places where carbon dioxide emissions captured from fossil fuel power plants can be stored. Carbon emissions are among the greenhouse gases blamed for global warming. The underground space also could store compressed air as part of a process to generate clean electricity. "This is a huge issue for our society today. It's technology that is on the cutting edge and if New Mexico blinks, we'll be left in the dust. Let's don't do that. Let's be ready," said Chatfield, who is leading an effort to settle the ownership of the underground spaces in the New Mexico Legislature. The ownership of the spaces has become a hot topic across the West. Wyoming was the first state to tackle pore space ownership. Montana and North Dakota followed, and dozens of states — from Texas to Michigan — are considering legislation that would lay the groundwork for carbon capture and sequestration...read more