NM panel approves new emissions reporting rules

Bloomberg Businessweek
By SUSAN MONTOYA BRYAN

SANTA FE, N.M.

"New Mexico regulators on Wednesday approved new rules for reporting and verifying greenhouse gas emissions to support the state's recently adopted cap-and-trade system.

The New Mexico Environmental Improvement Board voted 5-1 in favor of the rules, which will apply to more than 130 industrial facilities around the state, including power plants, cement-producing plants, refineries and other operations in the oil and natural gas industry.

The state environment department said the new reporting requirements will provide more accurate and consistent data that will allow the state to participate in a regional cap-and-trade program with other Western states and Canadian provinces, or a national program, if it is ever adopted by the federal government. The rules take effect Jan. 1." More>>>>