NM’s State Land Office is more reliant on oil/gas than it was before Garcia Richard took office

Shortly after taking office in 2019, New Mexico’s Democrat Commissioner of Public Lands created a new logo for her office in which she emphasized the role of her office in “renewable” energy. See that logo here.

Recently we posted in this space that “renewables” amounted to just 0.16% of the Land Office’s revenues, but even more ironic is the fact that (as can be seen from the chart and article below) oil and gas actually generate a higher overall percentage of the Land Office’s revenues than they did back in FY 2018 when Garcia Richard took over.

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2 Replies to “NM’s State Land Office is more reliant on oil/gas than it was before Garcia Richard took office”

  1. If oil and gas production went up at a higher rate then the other sources of income this is what would happen. I’m not sure what kind of revenue the land office would expect from other forms of energy production. That would also be useful if you provided that information. There are a lot of different conclusions we could make from this piece of information.

  2. The problem is that the Rio Grande Foundation does not feel that we need to move away from fossil fuels. They don’t accept the fact that they’re damaging our environment and we are facing an existential crisis with global warming, despite the fact that there have been changes in climate noticeable to all of us in the previous decades.

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