Energy transition: Oil & gas taxes to fund solar
pv magazine USA | February 25, 2019
A law has been introduced to the New Mexico House of Representatives which would require 1% of state severance taxes to be used toward investment in renewable energy. Let’s take a moment to sit down and discuss everybody’s favorite topic in the world, the very topic that led to the foundation of this big beautiful country: and in particular, severance taxes. For anybody wondering, severance taxes are imposed on the extraction of non-renewable natural resources that are then shipped out of their state of origin. Today, that place of origin is the great state of New Mexico.