staging.rockymountainvoice.com

Menu

Tag: Oil & Gas

Oil, gas industry to fight stricter environmental bills in Colorado legislature
No Comments
coloradopolitics.com, State

Oil, gas industry to fight stricter environmental bills in Colorado legislature

By Joe Mueller | Colorado Politics Business leaders joined leaders of Colorado’s petroleum and natural gas industries in denouncing a wave of legislation creating higher environmental standards and phasing out drilling. “These concepts range from banning any development for any industry that requires an air permit in up to 50% of the state to tracking and limiting how much you can drive your car,” Kait Schwartz, director of the American Petroleum Institute Colorado, said during a press conference on Thursday. “Ideas like this are harmful to the Colorado economy and many of of them are bad for the environment.” Two Senate bills, 24-165 and 24-166 introduced Thursday, would tighten emission rules along with new enforcement of air quality standards and penalties. If ...
Read More
Plan to ensure there’s end-of-life cash to plug all Colorado oil wells may fall short, study says
No Comments
State, The Colorado Sun

Plan to ensure there’s end-of-life cash to plug all Colorado oil wells may fall short, study says

By Mark Jaffe | Colorado Sun New Colorado rules to insure there is enough cash to plug each oil and gas well in the state at the end of its life may not generate enough money to do the job, according to an analysis by Carbon Tracker. The report by the nonprofit environmental think tank said that in the short-run the state may end up with less in financial guarantees than it had before the new rules were adopted nearly two years ago and about 39% of oil and gas companies still have not completed financial assurance plans. The Colorado Energy and Carbon Management Commission, which adopted and administers the financial assurance rules, disputes those findings. READ THE FULL STORY AT THE COLORADO SUN
Read More
Colorado Democrats push for ban on new oil and gas drilling in Colorado
No Comments
State, The Colorado Sun

Colorado Democrats push for ban on new oil and gas drilling in Colorado

By Michael Booth | Colorado Sun Colorado Democratic senators say they will introduce a bill banning new oil and gas drilling in Colorado by 2030 and demanding companies pay more to seal up old wells, bringing into the Capitol a fight that has previously played out in statewide ballot petitions and fall elections.  Environmental groups have been moving to get a similar ban on the November 2024 ballot, but are strongly backing the legislative effort by Sens. Sonya Jaquez Lewis of Boulder County and Kevin Priola of Henderson. They say the ban on new drilling would be phased in to first protect minority and lower-income residents in disproportionately impacted communities, before becoming complete in 2030.  The ban would allow for continued pumping from existing we...
Read More