NM Adopts Statewide GHG Cap For Large Emitters

Law360, New York (December 7, 2010, 7:03 PM EST) -- The New Mexico Environmental Improvement Board has adopted a statewide cap on greenhouse gases that will force large emitters to reduce their emissions 3 percent annually from 2010 levels.

Approved Monday in a 4-1 vote, the cap will apply to power plants, refineries, natural gas processing and compression facilities, and other stationary sources that emit more than 25,000 metric tons of carbon dioxide each year.

Originally, the cap was supposed to go into effect at the beginning of 2012, but the EIB amended the effective date...
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