New Mexico becomes fourth state with Clean Transportation Fuel Standards

In New Mexico, Gov. Michelle Lujan Grisham signed House Bill 41, Clean Transportation Fuel Standards, into law on Tuesday. New Mexico is the fourth state in the nation to enact the standards. HB41 allows producers and importers of low-carbon transportation fuels to generate clean fuel credits to sell to producers and importers of high-carbon transportation fuels. HB41 then directs the emissions of transportation fuels in New Mexico to decrease over time.

Clean fuel standards will bring at least 1,600 full-time jobs and nearly 2,300 construction jobs, generating $470 million in wages, and attracting $240 million capital investment in production and manufacturing in New Mexico.