New Mexico Already Fighting Over Higher Green Energy Costs

May 31, 2019

Even before the drastic effects of New Mexico’s own Green New Deal take effect, the argument is already on to see who will foot the bill for higher costs associated with “green” energy. A fight is currently underway in the Land of Enchantment to see who will pay for new transmission lines from an electric wind farm. Initially, it was decided that tech giant Facebook would foot the bill for part of the $85 million project. Now, the state’s largest electric utility is asking representatives to reconsider and to make ratepayers take on the increased costs as well. This current scuffle is…

First House Democrat Leader Signs on to Green New Deal

May 28, 2019

Speaker of the House Nancy Pelosi hasn’t signed on. Neither has Majority Leader Rep. Steny Hoyer or Majority Whip Rep. James Clyburn. If House Democrats feel the “time to act on climate is now,” they sure are taking their time. A look at the list co-sponsors of the controversial bill reveals something interesting, House Democrat leaders appear hesitant to sign on to the measure. That is until this month. Nearly three months after the Green New Deal was formally introduced in Congress, New Mexico Representative Ben Ray Lujan decided to join the list of those supporting the bill. Rep. Lujan is listed…

Warren Buffett Bets Big On American Oil

May 24, 2019

If you had $10 billion, where would you put it? For billionaire and investor savant Warren Buffett, that’s a question he thinks about often. As it turns out, Buffett thinks America’s booming energy industry is a smart investment. As Forbes explains, Buffett recently committed $10 billion to help bankroll a bid by Occidental Petroleum to acquire another oil company. Why is this opportunity so lucrative to Buffett? Because of the Permian Basin. Forbes notes, “Much of the opportunity in that sector these days is related to hydraulic fracturing (fracking), which has turned the entire original paradigm for the oil business upside down…One of…

AP REPORT: Eco-Groups Influenced And Helped Write New Mexico’s “Green New Deal”

May 20, 2019

Did eco-groups influence and help write recently-passed New Mexico legislation that’s being compared to Alexandria Ocasio-Cortez’s “Green New Deal?” According to a new report from the Associated Press, the answer is yes. In March, New Mexico Democrat Governor Michelle Lujan Grisham signed into law the “Energy Transition Act,” a plan to eliminate the jobs of fossil fuel workers, especially those in the coal industry. It would mandate 100 percent carbon-free energy by 2045. CBS News called the plan, which some estimate will cost at least 1,500 jobs, New Mexico’s very own “mini-Green New Deal.” New Mexico Senator Martin Heinrich even referenced the Energy Transition Act as…