Santa Fe New Mexico

CEA’s Victoria Gonzalez discusses why a new energy bill mandating utilities get 80 percent of their electricity from renewables by 2040 is not good for New Mexico.

About 80 percent of the growth in state income this past year came from the oil and gas sector, via severance taxes, rent, royalties, secondary taxes on sales and business-to-business transactions.his has led to the state’s largest job growth in over a decade. Unemployment is at its lowest in years, and more funding has been allocated to critical municipal services.

Read more: Alamogordo Daily News