{"id":309557,"date":"2024-03-17T11:23:55","date_gmt":"2024-03-17T10:23:55","guid":{"rendered":"https:\/\/climatescience.press\/?p=309557"},"modified":"2024-03-17T11:23:58","modified_gmt":"2024-03-17T10:23:58","slug":"report-bill-to-end-colorado-oil-gas-permitting-could-have-2b-impact-on-tax-revenue","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=309557","title":{"rendered":"Report: Bill to End Colorado Oil, Gas Permitting Could Have $2B Impact on Tax Revenue"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From ClimateREALISM<\/em><\/a><\/p>\n\n\n\n

By Anthony Watts<\/a><\/p>\n\n\n\n

Guest essay via The Center Square<\/a>, reprinted with permission.<\/strong><\/p>\n\n\n\n

A bill to substantially restrict oil and gas permitting in Colorado would result in widespread financial and environmental impacts, according to a new report by a research group.<\/p>\n\n\n\n

The report<\/a><\/strong>, published by the Common Sense Institute, a free-enterprise think tank, says Senate Bill 24-159<\/strong><\/a> would negatively impact the state\u2019s economy as well as tax revenue at the state and local levels.<\/p>\n\n\n\n

The legislation also would result in increased emissions, according to the report<\/a><\/strong>, which referenced the recently published Colorado Greenhouse Gas Pollution Reduction Roadmap 2.0 Report to support its point.<\/p>\n\n\n\n

\u201cMore fuel would be imported to Colorado, primarily by heavy trucks carrying oil and gas products, which themselves produce local air pollution,\u201d the state document<\/a><\/strong> says.<\/p>\n\n\n\n

SB24-159<\/strong><\/a> would mandate the Colorado Energy & Carbon Management Commission to adopt regulations ending the issuance of new oil and gas permits by Jan. 1, 2030. It would reduce the number new wells in 2028 and 2029 and require companies receiving permits after 2024 to stop operating by 2032.<\/p>\n\n\n\n

The bill is scheduled for a hearing by the Agriculture & Natural Resources Committee<\/a><\/strong> on Thursday.<\/p>\n\n\n\n

CSI found $1.9 billion in state and local tax revenue in 2022 from the oil and gas industry was the largest single source of revenue, an average of $321 per Colorado resident.<\/p>\n\n\n\n

The $1.2 billion in property taxes paid by the industry was the largest source of revenue for local taxing districts, according to the report. Schools received $432 million in oil and gas property tax revenue, and fire and police departments, cities, counties and other local services received $768 million. It amounted to 6% of all property tax revenue and 7% of all school property tax revenue.<\/p>\n\n\n\n

\u201cThe economic impact of banning oil and gas drilling in Colorado would be devastating and goes beyond lost production, tax revenue, and job losses,\u201d CSI Energy Fellow Trisha Curtis said in a statement. \u201cAt a minimum at risk is $2 billion in state and local tax revenue, over $400 million which funds Colorado schools, and nearly 200,000 jobs.\u201d<\/p>\n\n\n\n

If the bill becomes law, CSI estimates a total of 34,700 jobs would be lost in Colorado during in the first year and 181,800 during the next 10 years. It projects 70% of the jobs lost will be in the metro Denver area. The state\u2019s gross domestic product would be reduced by 5.4% or $48.5 billion in the 10th year and a total of $321 billion during the decade.<\/p>\n\n\n\n

The report emphasized the proposed law would only shift where energy is produced.<\/p>\n\n\n\n

\u201cThis action would likely result in more pollution, higher methane emissions, more air pollution in our neighboring states, increased transportation emissions from increased imports of fossil fuels for use in Colorado, increased risk of accidents and spills of oil and gas products through increased interstate trucking, and price disruptions and less certainty of supply for all Coloradans without a meaningful long-term impact on fossil fuel consumption,\u201d the report stated, referencing Gov. Jared Polis\u2019 roadmap.<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

A bill to substantially restrict oil and gas permitting in Colorado would result in widespread financial and environmental impacts, according to a new report by a research group.<\/p>\n","protected":false},"author":121246920,"featured_media":309559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"A bill to substantially restrict oil and gas permitting in Colorado would result in widespread financial and environmental impacts, according to a new report by a research group.","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691827649,691827650,691827651],"class_list":{"0":"post-309557","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-colorado-oil","9":"tag-economic-impact","10":"tag-oil-and-gas-products","12":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/0-Colorado-Ooil.jpeg?fit=1200%2C800&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1iwR","jetpack-related-posts":[{"id":256603,"url":"https:\/\/climatescience.press\/?p=256603","url_meta":{"origin":309557,"position":0},"title":"Dozens Of Dem Lawmakers Pressure White House To Crack Down On Natural Gas","author":"uwe.roland.gross","date":"05\/09\/2023","format":false,"excerpt":"A group of 44 congressional Democrats on Monday sent a letter to the White House calling for the Biden administration to crack down on permitting for liquified natural gas (LNG) projects, in the interest of combatting climate change and promoting \u201cenvironmental justice.\u201d","rel":"","context":"In \"EPA\"","block_context":{"text":"EPA","link":"https:\/\/climatescience.press\/?tag=epa"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/0Joe-Biden-Chicago-ap-img.webp?fit=1200%2C756&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/0Joe-Biden-Chicago-ap-img.webp?fit=1200%2C756&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/0Joe-Biden-Chicago-ap-img.webp?fit=1200%2C756&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/0Joe-Biden-Chicago-ap-img.webp?fit=1200%2C756&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/0Joe-Biden-Chicago-ap-img.webp?fit=1200%2C756&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":205926,"url":"https:\/\/climatescience.press\/?p=205926","url_meta":{"origin":309557,"position":1},"title":"Ten policies to unleash American energy and fuel recovery","author":"uwe.roland.gross","date":"06\/26\/2022","format":false,"excerpt":"BY MIKE SOMMERS: Fresh off the 1973 oil embargo, America needed to change its bleak energy picture. Our nation was increasingly dependent on foreign oil \u2013 and stark realities hit like a hammer when OPEC blocked oil exports to the U.S. and other countries. We were in an energy crisis\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/06\/0Oil-well-flag.jpg?fit=1200%2C516&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/06\/0Oil-well-flag.jpg?fit=1200%2C516&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/06\/0Oil-well-flag.jpg?fit=1200%2C516&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/06\/0Oil-well-flag.jpg?fit=1200%2C516&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/06\/0Oil-well-flag.jpg?fit=1200%2C516&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":421169,"url":"https:\/\/climatescience.press\/?p=421169","url_meta":{"origin":309557,"position":2},"title":"Let\u2019s Get Back to Building in America","author":"uwe.roland.gross","date":"01\/13\/2026","format":false,"excerpt":"We all know the value of affordable and reliable energy. From powering homes and businesses to supporting hundreds of thousands of good jobs for Ohioans, energy means jobs, growth, and opportunity. But demand for energy is surging.","rel":"","context":"In \"AI data centers\"","block_context":{"text":"AI data centers","link":"https:\/\/climatescience.press\/?tag=ai-data-centers"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/AQN5TJ2gAdWui3sbhDAFrEydm9UopRkCF9nEInbla4wU-tV912HaAEfhQR5dvm-Cd7Z78wXK2WFkmsLzODDMErMCn9bxYMkVG7yCZSnWkj-MjxTHTdBspTNTQ-E83TUBlDv3KxknVZ3jReDqNMJB1gIgLJrq.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/AQN5TJ2gAdWui3sbhDAFrEydm9UopRkCF9nEInbla4wU-tV912HaAEfhQR5dvm-Cd7Z78wXK2WFkmsLzODDMErMCn9bxYMkVG7yCZSnWkj-MjxTHTdBspTNTQ-E83TUBlDv3KxknVZ3jReDqNMJB1gIgLJrq.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/AQN5TJ2gAdWui3sbhDAFrEydm9UopRkCF9nEInbla4wU-tV912HaAEfhQR5dvm-Cd7Z78wXK2WFkmsLzODDMErMCn9bxYMkVG7yCZSnWkj-MjxTHTdBspTNTQ-E83TUBlDv3KxknVZ3jReDqNMJB1gIgLJrq.jpeg?fit=1200%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/AQN5TJ2gAdWui3sbhDAFrEydm9UopRkCF9nEInbla4wU-tV912HaAEfhQR5dvm-Cd7Z78wXK2WFkmsLzODDMErMCn9bxYMkVG7yCZSnWkj-MjxTHTdBspTNTQ-E83TUBlDv3KxknVZ3jReDqNMJB1gIgLJrq.jpeg?fit=1200%2C1200&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/AQN5TJ2gAdWui3sbhDAFrEydm9UopRkCF9nEInbla4wU-tV912HaAEfhQR5dvm-Cd7Z78wXK2WFkmsLzODDMErMCn9bxYMkVG7yCZSnWkj-MjxTHTdBspTNTQ-E83TUBlDv3KxknVZ3jReDqNMJB1gIgLJrq.jpeg?fit=1200%2C1200&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":420433,"url":"https:\/\/climatescience.press\/?p=420433","url_meta":{"origin":309557,"position":3},"title":"Why the Boulder climate case is so dangerous and SCOTUS must step in","author":"uwe.roland.gross","date":"01\/08\/2026","format":false,"excerpt":"The phrase \"Fossil Fuels Are Not Going Away: Why the Boulder Climate Case Is So Dangerous and SCOTUS Must Step In\" is the title of a January 2026 article published on RealClearEnergy. A high-profile climate lawsuit threatens reliable energy supplies.","rel":"","context":"In \"blue states\"","block_context":{"text":"blue states","link":"https:\/\/climatescience.press\/?tag=blue-states"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/AQMZtqwaiiSQZSRAim3i8mBB2mzwhKUp6KZfqOzAO44s6NEHmonIrCSAGvlDjnhHj8AmOfxKbGb5UtkQjPXAL4dr4MWp0dPavdtYNOt6tAexZOlIcXmo8H1lisebISzB.png?fit=1200%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/AQMZtqwaiiSQZSRAim3i8mBB2mzwhKUp6KZfqOzAO44s6NEHmonIrCSAGvlDjnhHj8AmOfxKbGb5UtkQjPXAL4dr4MWp0dPavdtYNOt6tAexZOlIcXmo8H1lisebISzB.png?fit=1200%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/AQMZtqwaiiSQZSRAim3i8mBB2mzwhKUp6KZfqOzAO44s6NEHmonIrCSAGvlDjnhHj8AmOfxKbGb5UtkQjPXAL4dr4MWp0dPavdtYNOt6tAexZOlIcXmo8H1lisebISzB.png?fit=1200%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/AQMZtqwaiiSQZSRAim3i8mBB2mzwhKUp6KZfqOzAO44s6NEHmonIrCSAGvlDjnhHj8AmOfxKbGb5UtkQjPXAL4dr4MWp0dPavdtYNOt6tAexZOlIcXmo8H1lisebISzB.png?fit=1200%2C1200&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/01\/AQMZtqwaiiSQZSRAim3i8mBB2mzwhKUp6KZfqOzAO44s6NEHmonIrCSAGvlDjnhHj8AmOfxKbGb5UtkQjPXAL4dr4MWp0dPavdtYNOt6tAexZOlIcXmo8H1lisebISzB.png?fit=1200%2C1200&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":203724,"url":"https:\/\/climatescience.press\/?p=203724","url_meta":{"origin":309557,"position":4},"title":"Offshore Obstructionism: Letter to Biden (July 1, 2022, deadline nears)","author":"uwe.roland.gross","date":"06\/10\/2022","format":false,"excerpt":"By Robert Bradley Jr. \u201cThe world needs energy from many sources, including oil and natural gas\u2026. The Gulf of Mexico currently represents over 15 percent of U.S. oil and natural gas production that is also some of the lowest-carbon intensive production in the world with a small environmental footprint.\u201d\u201cFor new\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/06\/0450d9f186459317b83b6515ffca90136.jpg?fit=1000%2C563&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/06\/0450d9f186459317b83b6515ffca90136.jpg?fit=1000%2C563&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/06\/0450d9f186459317b83b6515ffca90136.jpg?fit=1000%2C563&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/06\/0450d9f186459317b83b6515ffca90136.jpg?fit=1000%2C563&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":225681,"url":"https:\/\/climatescience.press\/?p=225681","url_meta":{"origin":309557,"position":5},"title":"Yes, Biden\u2019s Policies Are \u201cDerailing Domestic Fossil Fuel Output\u201d","author":"uwe.roland.gross","date":"10\/25\/2022","format":false,"excerpt":"Biden asserted that he wanted to \u201cdebunk some myths\u201d about his energy policies and claimed that his administration has done the \u201copposite\u201d of discouraging oil production during a\u00a0speech.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/10\/image-1206.png?fit=724%2C483&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/10\/image-1206.png?fit=724%2C483&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/10\/image-1206.png?fit=724%2C483&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/10\/image-1206.png?fit=724%2C483&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/309557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=309557"}],"version-history":[{"count":3,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/309557\/revisions"}],"predecessor-version":[{"id":309561,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/309557\/revisions\/309561"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/309559"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=309557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=309557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=309557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}