PNM Resources Statement on U.S. Chamber of Commerce
In yet another blow to the prestige and credibility of the US Chamber of Commerce, PNM Resources announced that it has given up its seat on the US Chamber of Commerce Board of Directors, and issued a statement criticizing the Chamber’s stance on global warming.
Via the Albuquerque Journal:
We strongly disagree with the U.S. Chamber of Commerce’s position on climate change legislation and particularly reject its recent theatrics calling for a ‘Scopes Monkey Trial’ to put the science of climate change on trial. We believe the science is compelling enough to act sooner rather than later, and we support comprehensive federal legislation to meaningfully reduce greenhouse gas emissions and protect customers against unreasonable cost increases.
UPDATE – PNM Resources has ended its membership in the U.S. Chamber of Commerce:
“Our chairman and CEO, Jeff Sterba, let his term on the U.S. Chamber of Commerce board expire when it ended in January, due largely to time constraints with his schedule. While a member, he had not been active on the board for at least the previous year.At PNM Resources, we see climate change as the most pressing environmental and economic issue of our time. Given that view, and a natural limit on both company time and resources, we have decided that we can be most productive by working with organizations that share our view on the need for thoughtful, reasonable climate change legislation and want to push that agenda forward in Congress. These organizations include the Edison Electric Institute, the association of shareholder-owned electric companies, and the U.S. Climate Action Partnership, a group of businesses and environmental organizations of which we are a founding member.
As a result, we have decided to let our membership in the U.S. Chamber lapse when it expires at the end of this year. ”



