New Mexico considers greater investments in solar, wind | KOB 4
Advertisement

New Mexico considers greater investments in solar, wind

The Associated Press
January 31, 2019 01:29 PM

SANTA FE, N.M. (AP) - New Mexico lawmakers would channel a small portion of state investments specifically toward renewable energy projects under newly proposed legislation.

Advertisement

A House panel on energy policy took up discussion Thursday of a bill from Democratic state Rep. Sheryl Williams Stapleton to channel 1 percent of a $5 billion trust fund toward investments in solar and wind energy.

The bill seeks to invest about $50 million from the state's Severance Tax Permanent Fund in the renewable energy sector. No immediate action was taken on the bill.

Democratic lawmakers have introduced a raft of bills to encourage renewable energy development and trim state government's dependence on income from oil and natural gas.

Also Thursday, a House panel advanced a bill to reduce income taxes for people who invest in home energy-efficiency upgrades.

Credits

The Associated Press

Copyright 2019 The Associated Press. All rights reserved.

Advertisement
Comment on Facebook

Share 4 - News Tips - Photos - Videos
  Share a News Tip, Story Idea, Photo, Video



Advertisement

Relay Media Amp

Advertisement

Advertisement



President Trump claims wall is being built in New Mexico, Colorado

Lobo quarterback suspended, accused of exposing himself on campus

Serial rapist arrested after rape kit from 2009 was processed

NMSP sergeant taken to hospital following crash that left 1 dead

New Mexico Sen. Martinez seeking jury trial in DWI case