New environmental regulations in Colorado have chilled investment in the state&#...
- New environmental regulations in Colorado have chilled investment in the state’s oil and gas fields as companies grapple with how local officials will respond to a law giving them more power to restrict energy production.
The Colorado law is one sign of pushback to the oil boom in the United States, which last year became the world’s leading producer, overtaking Saudi Arabia. The county “will need to look at air and water quality, preventing explosions and accidents, spills and truck traffic,” said Steve O’Dorisio, a commissioner for Adams County, northeast of Denver.While some oil firms are fretting over the new law, others are relieved that another, more restrictive ballot initiative failed to pass in November.
Oil firms “have no idea what impact it’s going to have,” Hamlin said of the law. “Businesses, they just don’t invest in uncertainty.”
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