Lawmakers Nix Delay of Colo. Oil, Gas Rules

By: Associated Press Email
By: Associated Press Email

Denver (AP) A state legislative committee has rejected a one-year delay for new oil and gas industry rules in Colorado.

Republican Sen. Greg Brophy of Wray proposed a bill putting the rules on hold. He and industry officials said at a Tuesday hearing that imposing regulations during a recession could cost Colorado jobs and tax revenue.

Supporters countered that the regulations strike a balance between encouraging development and protecting the environment. They say low oil and gas prices, tight credit and a lack of pipeline capacity are to blame for a slowdown in the industry.

The regulations implement two laws passed by the legislature in 2007.

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