Why a Hydrogen Bill Got Tabled

What’s happening? New Mexico’s HB 4 (2022 | NM) , the Hydrogen Hub Development Act, would have offer tax incentives to fossil fuel companies and other industries developing projects using hydrogen to lower carbon emissions. The bill stalled.

Why is this important? The persuasive message was that the bill is an offer of tax incentives to energy companies and other industries developing projects using hydrogen to lower carbon emissions.

How will this be important? Is it environmental opposition or opposition to corporate incentives?

Carlsbad Current Argus | Lawmakers table bill to expand hydrogen power in NM amid environmental concerns