State of Energy in Colorado event highlights Colorado’s role in America’s energy renaissance
DENVER, March 9, 2017 – The Colorado Petroleum Council (CPC) hosted the second annual State of Energy in Colorado event in Denver to discuss the future of oil and natural gas development in Colorado with American Petroleum Institute President and CEO Jack Gerard, Governor John Hickenlooper, and Mayor Michael Hancock.
“Colorado is a role model for how to enact smart energy policies that protect the environment and workers and that promote responsible energy development,” said Gerard. “Colorado has been a key driver in helping the United States become number one in production and refining of oil and natural gas in the world while also leading the world in reducing carbon emissions.
“Together we are setting a positive example for other states and the rest of world, enabling our nation to continue its leadership on energy and environmental stewardship.”
The oil and natural gas industry in Colorado supports more than 200,000 jobs and provided over $26 billion in state economic activity and $1.6 billion in revenue to the state in 2012 alone. School districts in Colorado received nearly $202 million from oil and gas production property taxes in 2012 alone, according to a study conducted by the University of Colorado Boulder’s Leeds School of Business.
“As the seventh highest producer of oil and natural gas in the country, Colorado is at the forefront of our nation’s 21st century renaissance,” said Tracee Bentley, executive director of the Colorado Petroleum Council. “Forward-looking energy policies at the state level shine as an example of how best to responsibly develop energy resources to the benefit of our state economy, workforce, and all American consumers.”
The CPC is a division of API, which represents all segments of America’s oil and natural gas industry. Its more than 625 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.