New Mexico House passes carbon credit swaps bill 

The New Mexico House of Representatives has passed a proposal to incentivize fuel companies to invest in cleaner options by allowing them to purchase carbon tax credits. These credits can then be sold to companies producing traditional fossil fuels. 

The proposal, known as House Bill 41, establishes a statewide fuel standard with the aim of reducing pollutants from transportation by 30% below 2018 levels by 2040.