Friday, February 05, 2010

New Mexico Senate panel approves pore space bill

A Senate committee has approved legislation that would establish ownership rights for the empty spaces that lie beneath New Mexico's dusty landscape. Supporters of the measure say the so-called pore space will be valuable as technology advances to capture and store carbon dioxide emissions from fossil-fuel power plants and other industries. Three Western states already have tackled pore space ownership, and many others are considering legislation that would lay the groundwork for carbon capture and storage. New Mexico's effort is being led by Jack Chatfield, a rancher from northeastern New Mexico who has been spending every day at the state Capitol to ensure the bill passes. He said Thursday he was pleased with the 8-3 vote by the Senate Judiciary Committee. It clears the way for the bill to be heard by the full Senate...read more

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