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Modernizing Oil & Gas Bonding & Cleanup Rules in New Mexico Talking Points

October 14, 2025

In 2024, Governor Lujan Grisham signed a bill to establish a clean transportation fuels program to help protect New Mexico from climate change. The legislation requires a 20% reduction in New Mexico fuel carbon intensity by 2030 and a 30% reduction by 2040 compared to 2018. The rule holds the potential to generate hundreds of millions of dollars to support faster progress in cleaning up vehicle pollution and it is an important part of New Mexico’s climate strategy.

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