DENVER, April 28, 2016 /PRNewswire-USNewswire/ -- Colorado Petroleum Council Executive Director Tracee Bentley applauded the Senate Agricultural, Natural Resources and Energy Committee for recognizing the detrimental economic impacts two bills (HB1310 and HB1430) could have on Colorado.
"Rejecting bills that would suppress months, if not years, of diverse, collaborative stakeholder input and scientific data on hydraulic fracturing is good for consumers, business and the Colorado economy.
"These proposals would constrict the state economy and prematurely bypass the rules just implemented by the Colorado Oil and Gas Conservation Commission. Tying Colorado's hands against a future of economic opportunity with a patchwork of rhetoric-induced, broad and conflicting regulations does not make sense.
"Colorado has a long history of working together at all levels of government in support of energy development and economic growth. It is a model for the rest of the country as the United States continues to produce more oil and natural gas than anyone in the world, and leads the world in lowering carbon emissions which are near 20-year lows."
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 produce, process, and distribute most of the nation's energy. The industry also supports 9.8 million U.S. jobs and 8 percent of the U.S. economy.
SOURCE Colorado Petroleum Council