FOR IMMEDIATE RELEASE
DENVER – Colorado voters Tuesday rejected Proposition 112, an extreme ballot measure that would have effectively banned oil and natural gas development in the state.
“We appreciate Colorado voters who realized what a devastating impact this measure would have had on our state’s economy, school funding, public safety and other local services, ” said Karen Crummy, Protect Colorado’s communications director. “The oil and natural gas industry and its employees look forward to discussing concerns with reasonable people looking for reasonable solutions. Our paramount concern is always the health and safety of the public and our employees, and we want to ensure sure our friends, neighbors and communities understand how committed we are to our state, its environment and its economy.”
Opposed by both gubernatorial candidates and community and business leaders on both sides of the political aisle, Proposition 112 would have eliminated at least 85 percent of all new oil and natural gas development on non-federal lands throughout the state, according to the Colorado Oil and Gas Conservation Commission. This would have resulted in a loss of tens of thousands of jobs and billions in tax revenue to state and local communities for schools and public safety, among other critical services.