Colorado Petroleum Council welcomes opportunity to preserve Colorado’s leading role in America’s energy revolution
DENVER, August 29, 2016 – Colorado Petroleum Council Executive Director Tracee Bentley welcomed today’s announcement by the Colorado Secretary of State confirming that two ballot proposals aimed at effectively banning oil and natural gas development in Colorado failed to gather enough valid voter signatures.
“Short-sighted initiatives like these do nothing more than hurt Colorado’s economy and our nation’s position as the world’s leader in production of oil and natural gas and in the reduction of carbon emissions, which are at near 20-year lows,” said Bentley. "Oil and natural gas companies have a long history of working collaboratively with local government and communities and we will continue to do so.
“Companies in Colorado operate under some of the most stringent rules in the country and we have proven it is not an either or situation. We can produce clean, safe, affordable energy while being good environmental stewards. Moving forward, it’s important that we put in place policies that further Colorado’s leadership on these critical issues and benefit consumers, both in our state and nationally.”
The Colorado Petroleum Council is a division of API, which represents all segments of America’s oil and natural gas industry. Its more than 650 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 30 million Americans.