Energy is on the Ballot in New Mexico

November 4, 2024

Tomorrow, energy is on the ballot. No one understands this more than the tens of thousands of energy workers in New Mexico. On Thursday, President Trump visited the state as a reminder of what’s at stake in this election. The campaign stopped in Albuquerque, the second-largest oil producer in the United States. With energy revenue making up around 35 percent of the state budget, the issue is front and center for the Land of Enchantment.



New Mexico Senator Took Money From Both Sides of Failed Merger

October 16, 2024

Last week, it was reported that New Mexico Senator Martin Heinrich (D) took campaign donations from both sides of a failed New Mexico clean energy merger. In 2021, Sen. Heinrich wrote that the proposed merger between Avangrid and PNM would “financially benefit PNM customers” without disclosing that he took in $43,000 in campaign contributions from the companies before, during, and after the merger failed. The Washington Reporter writes, “Heinrich has in the past accepted tens of thousands of dollars from employees and PACs of both Avangrid and PNM Resources. Prior to publishing his op-ed, Heinrich received thousands of dollars from the Avangrid…


New Mexico Governor Jets Off to UN Climate Week

September 24, 2024

New Mexico Governor Michelle Lujan Grisham is joining the likes of John Kerry with all the hypocritical travel. This week, Governor Lujan Grisham took the stage in New York City to participate in Climate Week 2024. There, she announced another executive order to “expedite New Mexico’s transition” away from energy sources that power the state. The Governor made the announcement in front of her climate group before revealing it to her constituents and celebrated “moonshot” spending initiatives but didn’t discuss how to fund them once her transition away from billions in revenue is complete. The Executive Order reads, “Gov. Lujan Grisham’s Executive Order will…



New Mexico’s Solar Boondoggle Gets Worse

September 4, 2024

Just last month we saw New Mexico Governor Michelle Lujan Grisham (D) announce another major solar project. Now, we have even more humbling news for Gov. Lujan Grisham’s solar project. Maxeon Solar has announced they expect sales in the third quarter of 2024 to “decline significantly” while their stock cratered to 9 cents per share. Bloomberg reports,  “Maxeon’s struggles come amid slowing demand for US rooftop solar installations. High interest rates have raised prices in that segment of the industry, a key market for Maxeon, which offers panels that typically have higher performance but are also more expensive. The company sells them at about…


New Mexico’s Governor Leaves Out Key Details In Latest Solar Announcement

August 8, 2024

Yesterday, New Mexico Governor Michelle Lujan Grisham announced another major solar project. The problem is she didn’t share the whole story. As her latest announcement arrives nearly one year to the day after her last major solar commitment, that is now missing deadlines and raising significant concerns. The Albuquerque Journal reported on Maxeon’s Solar Technologies failures in New Mexico this past May, “The company behind a more than billion dollar manufacturing project in Albuquerque is being investigated for violating federal securities laws, has seen a drop in stock value, delayed releasing its recent quarterly financial reports, and now has received a significant investment from a Chinese…


New Mexico’s Energy Industry Delivers Billions (Again)

June 12, 2024

According to a new report from the bipartisan Legislative Finance Committee, New Mexico’s oil and gas workers delivered $15.2 billion in revenue during the last fiscal year. Analysts also reported the oil and gas industry is expected to deliver gains for nearly a decade.  Oil and gas revenue make up 35 percent of the state’s general fund and 37 percent of taxable property which goes to local governments. The Albuquerque Journal reports, “A new presentation from the Legislative Finance Committee reported a revenue of $15.2 billion from the extractive industry to New Mexico in fiscal year 2023. A flow chart from the LFC breaks down…


New Mexico Governor’s New Electric Fire Truck Relies on Diesel

May 16, 2024

Last week, New Mexico Governor Michelle Lujan Grisham proudly announced the purchase of a new $1.8 million electric fire truck. The problem is that this million-dollar firetruck is equipped with a diesel engine for times when the electric batteries run out. Conveniently, the fossil fuel engine was overlooked in the Governor’s press release celebrating the “zero emission” vehicle. The Center Square reports, “The New Mexico Environment Department provided Bernalillo County Fire & Rescue with $417,718 worth of taxpayer funding to help pay for $1,829,973 in project costs to replace a 1991 Engine Model Year diesel-fueled Class 8, Pierce Dash fire engine……


New Mexico Governor Signs Off on Higher Gas Prices

March 5, 2024

Today, Governor Michelle Lujan Grisham (D-NM) signed into law new fuel standards that will increase the price of gasoline. By signing the so-called “Clean Transportation Fuel Standards” bill, Governor Lujan Grisham is forcing New Mexico to join only three other states in enacting this expensive standard. There is a reason only three other states have signed this bill into law. It will raise gasoline prices, and New Mexico families will pay the price. Pinon Post reports, “The bill will increase gas prices by at least 50 cents per gallon, and you can expect similar increases in groceries and supplies and pretty much everything…