The leftist faculty at New Mexico’s largest university (UNM) are agitating for the school to “divest” itself from fossil fuels. RGF has PLENTY of issues with UNM, but we’ll just leave the following comments from a 2017 interview with the former president of the school Chaouki Abdallah, “UNM has these spires of excellence, best in the world or top five, but like everything else around this state, the average is bad because you have to make sure everyone is taken care of.”
“Our higher ed spending is more than most other states; the trouble is we don’t spend it wisely and (we) spread it across so many entities. We do need a plan.”
While divesting from oil and gas is more symbol than substance, what if New Mexico’s oil and gas revenues were “divested” from UNM? According to a report from the New Mexico Oil and Gas Association, UNM (just main campus) received $205,157,300 in FY 20 with the oil and gas industry providing about 1/3rd of that or $68,727,696.
Set aside all the ways in which UNM works to both directly (divestment) and indirectly (global warming hysteria and left wing indoctrination) undermine its largest source of revenue, New Mexico’s higher education system needs serious reform.