The fossil fuel industry has been a mainstay for New Mexico’s education funding, but the state should seek more stable and reliable revenue streams as the industry grapples with market fluctuations and a global push toward green energy, a coalition of children’s advocates wrote in a letter Monday.
In the letter, 16 education, community and conservation groups ask the governor and state lawmakers to establish new revenue sources for schools, so New Mexico isn’t overly dependent on oil-and-gas dollars in a market that can be volatile and with an industry facing a sweeping energy transition to combat climate change.
“We don’t want to sound like ungrateful recipients of oil-and-gas revenues,” said Mary Parr-Sanchez, president of NEA-New Mexico, one of the groups that signed the letter. “We’re not ungrateful. It’s just that we have to be smart about now and leaning forward in the future. We need to have a stable