Monday, August 30, 2010

Legislators, others oppose NM cap and trade petition

Legislators representing Eddy County, local government officials and industry and business leaders have come out in opposition to a cap and trade petition proposed by the New Mexico Environmental Improvement Board. The Eddy County Commission in recent months passed two resolutions opposing the petition and, along with a letter, submitted them to the NMED Board. In addition, a representative for the county testified at a recent hearing on the impact it would have in Eddy County if the petition were to be implemented. On Tuesday, the Carlsbad City Council also came out in opposition, voting to submit a letter to the NMED. Russell Hardy, representing the Carlsbad Chamber of Commerce, in his letter to the editor published Friday in the Current-Argus, explained the petition. "The petition, as currently written, would apply only to rural businesses and industries that produce more than 250,000 tons of CO2 annually and would exempt businesses operating in Albuquerque, Santa Fe and on sovereign Indian Nations," he explained. "Businesses and industries in our area that would be impacted would include potash mines, Navajo refineries in Artesia and Lovington, Excel Energy generating stations in Lea County, not to mention large-scale manufacturing, mining and utility businesses throughout the rural regions of the state." Eddy County Commissioner Lewis Derrick, a rancher in north Eddy County, said the Environment Department's petition will hurt the local economy and will have a far-reaching effect if it passes. "I'm looking at this from the possibility of this petition wrecking our tax base and running off businesses," Derrick said. "It's going to impact not only the oil and gas industry. It will impact farmers, ranchers and the trucking industry. The state should stay out of our business. They need to back off this. It's mind boggling that they would do this to the people of New Mexico."...more

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