Proposition 112 on the ballot in Colorado uses language that seems sensible and logical. However, the implementation of Proposition 112 will become a devastating reality to our state and the families connected to the Oil and Gas Industry.
We have over 400 people in our Covenant Family in Colorado, so this issue hits very close to home. We are doing our part to educate and to get the word out about Proposition 112. Please feel free to use any information from this page on your own social media or other information distribution opportunities.
No to Proposition 112 is Yes to
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It is our honor to work hard to protect both people and the environment as we continue to build the energy sector in Colorado. For almost a decade, Colorado state officials, environmental groups, community leaders and the energy industry worked together to achieve Colorado’s existing regulatory balance and improve the state’s oil and natural gas regulations so that they are some of the strictest regulations in the nation.Our state’s strong energy regulations require companies to work with local governments when planning oil and natural gas development, and in the last nine years, the state has had fourteen rulemakings to ensure the safety of the public and the environment.
- Current setback distances at 500 and 1,000 feet keep the environment and communities surrounding oil and natural gas development sites safe.
- Colorado was the first state to require water sampling before and after drilling to ensure our water remains safe (Source: COGCC approves sweeping new setback rules)
- In the last few years, 26 studies – including one from Colorado State University – have found that fracking doesn’t contaminate groundwater.
- Colorado was the first state in the nation to pass methane regulations requiring the capture of air pollutants released during oil and natural gas operations. Colorado’s regulations are more protective than federal methane rules issued by the EPA.
- Colorado rules require that 95% of pollutants from oil and natural gas operations are captured, which decreases methane emissions by over 60,000 tons.
- Following the accident that occurred in Firestone in April 2017, the state ordered a comprehensive testing of flowlines to ensure that no similar circumstance existed. Over 120,000 flowlines were tested with a passage rate of 99.65 percent. Out of the 0.35 percent that did not pass, they were repaired or taken offline, and none included any leaks of reportable size. In the months that followed, a detailed and highly technical regulatory rulemaking was placed into law to prevent such an accident from occurring again.
- Between 2002 and 2015, oil and natural gas production in Weld County increased by 12 times and three times respectively, with well counts more than doubling. During that same timeframe the rates of death for cancer, respiratory illness, and heart disease decreased by 1.9 percent, 9.1 percent and 21.4 percent, respectively. Sizeable energy production and improving health conditions in Weld County, the state’s largest oil and natural gas producing county, confirms that health, safety, and energy production are not mutually exclusive.
Oil and natural gas development in Colorado has added $31 billion to the state’s economy and supported 232,900 jobs – or nearly 7 percent of total state employment in 2015. According to the Bureau of Labor Statistics, the average wage paid by the natural gas and oil industry in 2016 is nearly 90 percent more than the national average. A recent study indicated that nearly $4.1 billion in employee income was provided to Colorado households.
Oil and gas jobs provide a standard of living for Colorado families that other industries struggle to maintain. This standard of living overflow into the communities where these families live and work. Oil and Gas is building stronger families with a greater opportunity for future financial sustainability.
School districts in Colorado received nearly $202 million from oil and gas production property taxes in 2012. In the last two years alone, $166 million in revenue and interest has been generated from oil and gas leases, which funded K-12 public schools as well as Colorado’s higher education institutions.
COGA member companies across the state show they care by donating time and money to support more than 500 organizations across Colorado. Their efforts touch a variety of causes including the arts, environment, education, helping Colorado’s underserved families, and supporting our veterans. In 2017 alone, COGA members volunteered over 42,000 hours and donated $9.3 million to local nonprofits. Corporate and social responsibility is not a new concept, but oil and natural gas companies are working hard to impact every corner of the state and foster positive societal and community investment.
This economic activity generates financial benefits and supports jobs well beyond the energy sector. More than 1,100 businesses spread across the state are part of the larger oil and natural gas supply chain, which includes over 260 companies in Denver and more than 70 companies in Grand Junction.
Only 23% of the Proposition 112 impacted jobs would be from the oil and gas sector. If approved, the setback measure would also eliminate thousands of jobs including retail, health care, construction, hotel and food service, and teachers.
In 2015, the Oil and Gas Industry in Colorado contributed $31.38 billion to the state’s economy. Another recent report states that the industry provides 38, 650 direct jobs and an additional 64,050 in supply chain jobs totaling $7.6 billion in compensation.
The state and local tax revenue lost from the reductions in the oil and gas industry alone would range from -$201M to -$258M in the first year, to between -$825M and -$1.1B annually by 2030. And by 2030 there would be roughly 115,000 to 147,800 fewer jobs through all sectors of the economy.
Remember that every vote counts
So be sure to register and GET OUT AND VOTE NO TO PROPOSITION 112!
Colorado Becomes First State To Restrict Methane Emissions
- Coloradans for Responsible Energy Development
- Scientific American
- Colorado Oil and Gas Conservation Commission
- University of Boulder Leeds School of Business-Business Research Division
- Colorado Alliance of Mineral and Royalty Owners
- Colorado Petroleum Council
- Colorado Oil and Gas Association
- Common Sense Policy Roundtable