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.

Post Your Comments




KKCO NBC 11 News 2531 Blichmann Avenue Grand Junction, CO 81505 Station Phone: 970.243.1111 Business Fax: 970.243.1770 Newsroom Fax: 970.245.3793 News Tip & Contest Line: 970.255.8477
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 38530617 - nbc11news.com/a?a=38530617
Gray Television, Inc.