The adoption of this rule in November of 2010 was biased on bad policy that was not supported by rational scientific or economic analysis. It was strictly an outgrowth of a political agenda to demonstrate compliance with an extremist, global environmental agenda. Manmade global warming hysteria is driven by the United Nations Intergovernmental Panel on Climate Change (IPCC).

The policy will have no environmental benefit but will have grave economic consequences. Neither situation was recognized when the rule was adopted. The supposed reason for capping carbon dioxide emissions is to reduce global warming. Any reasonable person can see that a rule capping carbon dioxide emissions in NM will have no effect on global warming.

Even if we adopt a hypothetical case that Part 350 might have an effect on reducing carbon dioxide emissions, the trading provisions wipe away any gains. Since the carbon dioxide reductions can be met with trades and certificates, there are no real reductions.

While Part 350 will have no environmental benefit, it will have dire adverse economic impacts. Of course these impacts were never considered since no

detailed social or economic analysis was done on Part 350. NM will be at a competitive disadvantage to surrounding states. Mobile industries will simply move operations to adjacent states that do not have these onerous carbon dioxide capping restrictions. They will take the tax revenues

and jobs with them. Unemployment in the NW corner of the state is already in double digits.

Everything about this tax plan will make present economic conditions worse.

If Part 350 stands, it will affect every person in NM and increase the cost of every aspect of our lives. It must be repealed in its entirety.

The only winners in this scheme are the carbon traders who care nothing about the environment but want to pad their bank accounts. The net result of this rule will be more cost to New Mexicans, more profits for the scammers, and no reduction of emissions in NM or the US.

Carbon dioxide, the plain old non-toxic gas that we exhale with every breath and needed for plant growth has now become the villain in this debate. Man made carbon dioxide is being blamed for global warming.

New satellite studies show that climate is not sensitive to changes in carbon dioxide concentrations. The carbon dioxide we produce is not anywhere near enough to cause measurable global warming.

Carbon dioxide is simply not responsible for climate change real or imagined globally, nationally, or particularly in NM.