Opposition to Proposition 112
Per the Colorado Capital Report, Statewide opposition to Proposition 112 has grown to unprecedented levels! And why wouldn’t it, Proposition 112 would financially cripple the entire state! PLEASE READ for more information about Proposition 112. Below are numerous reasons to vote NO to Proposition 112 this November 18th.
What is Proposition 112?
Proposition 112 (previously Initiative 97) is a statutory ballot measure that if passed will establish a 2,500-foot setback between new oil and natural gas development and occupied structures or other vulnerable areas. Vulnerable areas include, but are not limited to: playgrounds, permanent sports fields, amphitheater, public parks, public open space, public and community drinking water sources, irrigation canals, reservoirs, lakes, rivers, and perennial or intermittent streams and creeks.
While advocated as a simple buffer zone increase, the measure is anything but that. If passed, the measure would devastate the oil and natural gas industry, eliminating jobs, drastically reduce tax dollars for schools, parks, and libraries and stripping away the private property rights of thousands of Coloradans.
Facts About Proposition 112
• The out-of-state funded initiative seeks to ban essentially all new Colorado oil and gas development.
• Change the current setback of 500 ft from occupied structures, ditches, and subjective areas of interest, to a 2,500 ft setback.
• Colorado public school are one of the largest beneficiaries of the oil and gas leasing.
• Since 1980, the Land Board’s education funds received over $560 million in revenue from oil and gas leases.
• 85% of non-federal land would be eliminated from future oil and gas development
Economic & Fiscal Impact
The passing of Proposition 112 would have far-reaching, negative effects on Colorado. According to a study conducted, they found that:
• Proposition 112 would kill up to 147,800 good paying jobs in Colorado by 2030, with up to 43,000 jobs being lost in the first year alone.
• From 2019 to 2030 the estimated loss in state GDP would be $218 billion, with the state losing $26 billion annually in GDP by 2030.
• From 2019 to 2030 over $147.6 billion in personal income would be lost.
• From 2019 to 2030 an estimated $7 to 9 billion in state and local tax revenue would be lost, with that amounting to a loss of more than $1 billion annually by 2030.
• If passed, Proposition 112 will eliminate $230.3 million of funding for Colorado’s schools from state trusts lands over a three-year period (60%).
Impacts Outside Industry
As a primary employer, every direct job within the oil and natural gas sector leads to 4 to 5 additional Colorado jobs. Many sectors of Colorado’s economy rely on the business that the oil and natural gas industry generates, including trucking companies, hotels, restaurants, retail stores, and man others. Proposition 112 would take away up to:
• 16,000 retail jobs
• 10,000 construction jobs
• 9,000 teacher and government jobs
• 6,000 real estate jobs
• 12,000 health care jobs
• 9,000 hotel & food service jobs
In fact, 147,800 jobs could be lost overall, with 77% of those jobs losses occurring outside of the oil and natural gas industry.
Strongest Regulation in the Nation
Colorado has arguably the strongest regulatory framework for oil and natural gas development in the nation. Not only is the industry regulated by federal agencies such as EPA, but also by state agencies like COGCC, CDPHE, and Colorado Parks and Wildlife. Local governments also have a say in oil and natural gas development, regulating the industry through land use provisions. If oil and natural gas is being extracted in Colorado, it is being done safely and responsibly.
Facts provided by www.coga.com and www.comro.us