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API urges balanced approach to Colorado energy regulation

World 鶹ýӳ,


API urged lawmakers to carefully review the recommendations put forth today by Governor John Hickenlooper鶹ýӳs task force on oil and natural gas development.

鶹ýӳThe task force has engaged in a thoughtful dialogue about Colorado鶹ýӳs future as an energy leader,鶹ýӳ said API Director of Upstream and Industry Operations Erik Milito. 鶹ýӳBut there is more to do. State policymakers must avoid creating unnecessary or unintentional roadblocks to the responsible energy production that is driving Colorado鶹ýӳs economic growth. Our industry has a long history of working collaboratively with state and local officials in Colorado to protect the environment and create jobs, and we鶹ýӳll continue to work with policymakers to ensure the state remains at the forefront of America鶹ýӳs energy renaissance.

鶹ýӳMaintaining a balance is critical. Colorado has comprehensive and robust regulations covering oil and gas operations that still allow industry to support 200 000 jobs in the state. With the right energy policies, we can create thousands of additional jobs, generate more revenue to help support local schools, develop infrastructure, and preserve Colorado鶹ýӳs leading role in America鶹ýӳs energy revolution.鶹ýӳ

API is the only national trade association representing all facets of the oil and natural gas industry, which supports 9.8 million US jobs and 8% of the US economy. API鶹ýӳs more than 625 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation鶹ýӳs energy and are backed by a growing grassroots movement of more than 25 million Americans.


Adapted from press release by

Read the article online at: /business-news/25022015/api-urges-balanced-approach-to-colorado-energy-regulation/

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