Following a Colorado Supreme Court decision that maintains the state’s primacy in oil and natural gas permitting, Colorado Petroleum Council Executive Director Tracee Bentley celebrated the decision, which removes the threat of federal bans on hydraulic fracturing.
“Energy development has been a driver of economic growth in Colorado,” Bentley said. “More than a thousand businesses spread across the state are part of the larger oil and natural gas supply chain. Vast supplies of clean, affordable natural gas unleashed by hydraulic fracturing have allowed natural gas to produce much more of Americans' electricity. This has been the largest contributor to the U.S. leading the world in reducing carbon emissions.”
Bentley and the Colorado Petroleum Council, a division of the American Petroleum Institute, called the decision a victory for private property rights. The bans that Colorado’s hydraulic fracturing industry was facing could have resulted in a loss of jobs, reduced local and state tax revenues, and limited access to energy resources.
“Effective energy policy results when regulators and stakeholders work together to ensure safe development; Colorado is a leader nationwide,” Bentley said. “The Colorado Oil and Gas Conservation Commission ensures participation and input from all stakeholders relying on scientific data and expertise for safe and responsible development of Colorado’s oil and natural gas resources."