Why this bill is bad for energy in New Mexico
Available cheap energy is the backbone of our economy. Historic investment in energy efficiency has created millions of jobs! At a higher growth rate (4%) than other sectors of our economy, including oil and gas job growth rate (1-3% in a thriving economy during the second half of Biden’s years).
Remember, the economy was already churning before 2024. Biden did that. Gov Lujan Grisham did that.
State policy helped these investments in people, jobs, and energy at home. Checks and balances in Congress were exercised by passing the ACA, the IRA, and green energy legislation, all of which help the economy grow. Cutbacks and a lack of policy hurt national and regional economies.
Energy efficiency growth is helpful even in an oil and gas producing state like New Mexico (which supplies energy to the nation while our state takes the hit environmentally unless the state and feds step in to monitor emissions. The state is doing its job.)
See? it’s complicated. But these are just two examples of how good energy policy provided by Democratic leadership helps our residents. Better pricing and better air quality.
We need to keep New Mexico blue!
When clean energy higher paying jobs are eliminated, and when the country shifts away from energy efficiency and clean energy investment, other polluting supplies are needed. This more expensive supply creates higher energy prices. Solar and wind are cheap and massive energy potential which we need more of. Without clean energy investment and urgent timelines, working families will pay higher utility bills and gas prices.
Read more: Republican Megabill Is a Disaster for Energy Costs, Jobs, and Clean Energy | Evergreen Action
https://www.evergreenaction.com/blog/senate-gops-updated-megabill-is-still-a-disaster-for-affordability-jobs-and-clean-energy