The Senate Conservation Committee has recommended approval for SB 4, a measure aimed at eliminating all greenhouse gas emissions by 2050. The committee voted 5-4 in favor, with Senator Joseph Cervantes (D-Dona Ana) joining the three Republican members in opposition. The bill will now proceed to the Senate Finance Committee for further consideration.

Several business groups, including the Chamber, have expressed their opposition to the bill. They are concerned about its potential negative impact on the oil and gas industry. SB 4 aims to cut emissions by 45% over the next five years and affects various sectors such as electric generation, transportation, waste management, manufacturing, raw material extraction, agriculture, forestry products, and particularly oil and gas.

Critics argue that the bill's scope is extensive but lacks a clear plan for implementation. They believe it is too aggressive and could lead to unintended consequences. Further discussions on this legislation will take place in upcoming sessions of the Senate Finance Committee.