This year, Colorado voters will be faced with several key issues that are at the center of our economy and will influence the future of our state. Be sure to stay tuned to this page since we will keep updating it with new information.
1. Reckless Setback Initiatives
New setback initiatives are being pushed by a vocal, irresponsible, extreme minority trying to force their reckless agenda on Coloradans. If this sounds familiar, it’s because we saw the same thing in 2018. By submitting these new setback ballot initiatives, their supporters are ignoring the 1,371,284 Coloradans that voted ‘no’ and defeated Proposition 112.
Here’s what’s at stake: Colorado is one of the largest natural gas producers in the U.S. In addition to supporting over 232,900 good jobs across Colorado, our vibrant oil and natural gas industry contributed $839 million to K-12 schools in 2015 and 2016. Colorado’s oil and natural gas industry also generates more than $1 billion annually in revenues to state and local governments, school districts and special districts—funding schools, parks, and roads across the state. And, according to the Colorado State Land Board, “[Oil and natural gas] leases resulted in approximately $1 billion earned for trust beneficiaries — Colorado schoolchildren — in the past decade.”
“[Oil and natural gas] leases resulted in approximately $1 billion earned for trust beneficiaries — Colorado schoolchildren — in the past decade.”
—Colorado State Land Board (Colorado.gov)
If the new, reckless setback initiatives succeed, communities across Colorado will lose.
It is very clear that these setback initiatives are not about protecting public health or safety. The proponents of these setback initiatives want to over-regulate the Colorado oil and natural gas industry out of existence. But don’t just take our word for it. Earlier this year, The Aurora Sentinel Editorial Board released an editorial condemning the new setback initiatives as, “rushing back to voters with something not only unneeded but rightfully unwanted is a waste of time, resources and the public’s attention.” The editorial board also said, “There’s dangerous folly in trying to accomplish critically needed goals in addressing climate change by cloaking such efforts in public-health regulation.”
Bottom line, Coloradans voted no in 2018. Learn more about setbacks here.
2. Bond (or Bonding) Measures
One term that Colorado voters might not be familiar with this year is ‘bond’ or ‘bonding.’
Thanks to years of cooperation between Colorado communities, state and local elected officials, and regulators such as the Colorado Oil and Gas Conservation Commission, current state law says that oil and natural gas operators must, “provide financial assurance or a ‘bond'” before any drilling can begin.
In short, a bond means that communities and companies are able to work together all while ensuring our citizens are able to prosper from the many benefits responsible oil and natural gas development bring to Colorado.
Here’s what’s at stake: The same irresponsible, extreme minority that is trying to force the reckless setback agenda on Coloradans is also trying to disrupt the balance our communities have worked so hard to create and raise the cost of a bond by 2700%. This would have a significant impact on our economy and our way of life.
According to Colorado Public Radio, the new bond initiative is “a vast increase over current regulations.” One proponent of the extreme new bonding initiative even admitted that, “the decision to require increased bonding was in part because…companies could file for bankruptcy.” If they get their way, this irresponsible, extreme minority will push hundreds of thousands of good jobs and billions in economic impact that support our communities out of our state for good.
Bottom-line, the proposed extreme bond increase is a deliberate attempt to tax oil and natural gas out of Colorado and weaken our economy.