Suburban Propane, New Mexico coalition commemorate bill signing

New Mexico Gov. Michelle Lujan, center, signs House Bill 41 into law, which establishes a transportation fuel standard program to reduce the carbon intensity of transportation fuels through 2040. Suburban Propane was part of the New Mexico Clean Fuels Coalition, which led advocacy efforts supporting the bill. Suburban’s Paul Rozenberg, senior manager of government affairs and corporate communications, attended the event. (Photo: Low Carbon Fuels Coalition)

Suburban Propane Partners commemorated the signing of New Mexico House Bill 41, establishing a clean transportation fuel standard program to reduce the carbon intensity of transportation fuels through 2040. Suburban Propane was part of the New Mexico Clean Fuels Coalition, which led advocacy efforts supporting House Bill 41.

The bill sets goals to reduce the carbon intensity of transportation fuels used in the state by at least 20 percent below 2018 carbon intensity levels by 2030 and at least 30 percent below 2018 carbon intensity levels by 2040. Suburban Propane was invited by Gov. Michelle Lujan Grisham’s office to attend the bill signing ceremony.

According to the governor, the bill allows producers and importers of low-carbon transportation fuels to generate clean fuel credits to sell to producers and importers of high-carbon transportation fuels. New Mexico is the fourth state in the nation to enact the standards, joining Washington, Oregon and California.

“Bill 41 will reduce the carbon intensity of transportation fuels in the state of New Mexico,” says Nandini Sankara, spokesperson for Suburban Propane. “Suburban Propane, through our Suburban Renewables subsidiary, is committed to investing in the next generation of lower-carbon renewable energy sources, and we were honored to participate in the New Mexico Clean Fuels Coalition’s Steering Committee, providing advocacy and testimony in favor of this bill.”

Suburban Propane says Suburban Renewables leads the company’s long-term strategic growth and diversification efforts to identify new areas of investment, strategic partnerships and collaborations within the renewable energy space. The efforts advance Suburban Renewables’ strategic goal of building out a renewable energy platform to help drive the energy transition to a low-carbon economy, the company adds.

Suburban is a nationwide distributor of propane, renewable propane, renewable natural gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity and an investor in low-carbon-fuel alternatives.