Ritter Administration to Released New Proposed Oil, Gas Rules

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Denver (AP) Governor Ritter's administration plans to release a proposed update of state oil and gas regulations today.

The rules would implement new laws requiring that decisions about oil and gas development give additional weight to public health, wildlife and the environment.

The industry warns that companies might decrease investment in the state due to increased costs and uncertainty.

but democratic Senator Gail Schwartz of Snowmass says she believes the rules will allow the industry to keep flourishing while safeguarding Colorado's other important natural resources.