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At first glance, Gov. Michelle Lujan Grisham鈥檚 $250 rebate to help ease the pain of high gas prices might seem like a sensible idea. New Mexicans are struggling, and a little extra cash would help.

But $250 is pennies on the dollar compared to what the state鈥檚 fossil fuel industry actually costs New Mexicans. If the governor and state leaders really wanted to help New Mexicans, they鈥檇 start by declaring a climate emergency and holding the industry accountable for the enormous costs it inflicts on our state.

Under Lujan Grisham, New Mexico has become the nation鈥檚 oil producer and gas producer. As President Trump鈥檚 war in Iran has driven global oil prices sky high, New Mexico鈥檚 state revenues have been .

Still, New Mexicans are forced to more at the pump. We鈥檙e also facing hidden costs from the fossil fuel-driven climate crisis that don鈥檛 appear on a gas station receipt.

Scientists have called New Mexico鈥檚 Permian Basin the world鈥檚 largest . The state鈥檚 rampant oil and gas extraction  accelerates climate change, and New Mexicans pay the price with extreme heat, prolonged drought, worsening wildfires, catastrophic flooding and dwindling water supplies. 

Those environmental disasters have real economic costs. They damage homes and businesses, and drive up the price of insurance, energy and healthcare.

In 2020, the average New Mexican household was estimated to incur more than in climate change-related expenses. By 2040, that figure is expected to exceed . By 2080, it could top .

The New Mexico Environment Department estimates that climate damages 鈥� including infrastructure losses, air pollution, extreme weather and health effects  鈥� could cost the state more than by 2050. Much of that bill will ultimately be paid by New Mexican taxpayers.

Across New Mexico, there are roughly oil and gas extraction sites. Their emissions contribute to dangerous pollution levels and lead to increased rates of respiratory disease, birth defects, cancer and premature death. Families pay through higher medical bills, missed work and worsening quality of life.

New Mexicans are also stuck with the industry鈥檚 cleanup bill.

As this dirty infrastructure ages, many companies abandon oil and gas wells rather than their messes. Those abandoned wells continue polluting, and taxpayers are left paying for cleanup when operators skip town. The cost to the state could exceed .

Meanwhile, the fossil fuel industry is reaping record profits.

Every month, oil and gas companies rake in a jaw-dropping in profits from their New Mexico operations. Yet, oil and gas production in New Mexico is taxed at only about 鈥� less than the rate paid by most .

Against this backdrop, Lujan Grisham鈥檚 $250 rebate looks less like meaningful relief and more like a tiny refund on an ever-growing bill. Her proposal doesn鈥檛 come close to addressing the industry鈥檚 true financial burden on every New Mexican.

 The governor must do more to address the source of the problem.

A new from the Center for Biological Diversity, where I work, lays a path forward. It calls on the governor to declare a fossil fuel emergency and use her emergency powers to direct resources toward aggressively confronting the climate, environmental, public health and economic crises driven by fossil fuel pollution.

New Mexicans should not be forced to subsidize an industry that profits enormously while leaving us to pay the costs. A $250 rebate won鈥檛 change that. Bold action by state leaders will.

Gail Evans is a senior attorney and the New Mexico climate director at the Center for Biological Diversity. She is based in Albuquerque.