Vote no on Proposition 112 This election, workers in the Colorado oil and gas industry are fighting for their jobs as we face Proposition 112. This proposition requires that new oil and gas …
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Vote no on Proposition 112
This election, workers in the Colorado oil and gas industry are fighting for their jobs as we face Proposition 112. This proposition requires that new oil and gas development must be located 2,500 feet from an occupied structure or vulnerable area. This is significantly greater than the current setback of 500 feet from homes and 1,000 feet from high-occupancy buildings such as schools or nursing homes. If approved, this setback distance would make 85 percent of Colorado state and private lands off-limits to oil and gas development.
This proposition is being marketed by special interest groups as a public-safety measure. However, a significant portion of the 85 percent reduction comes from a 2,500-foot setback from intermittent streambeds, defined as a vulnerable area, out in eastern Colorado. Proposition 112 is an attempt by special interest groups to ban oil and gas development in Colorado. Current estimates of the impact are losses of $217 billion in economic activity, $9 billion in tax revenue, and 147,000 jobs. Many of the jobs lost are indirectly related to oil and gas such as retail, health care, construction, hotel and food, teachers, real estate, etc.
State and local governments are estimated to lose 9,000 jobs due to the loss in tax revenue, half of which are teachers. Both candidates for governor, Jared Polis and Walker Stapleton, oppose the proposition due to the severe economic impacts. Please consider the repercussions of the proposition as you think about your votes in the upcoming election.
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