The oil and gas industry means a lot to many in Colorado. As a matter of fact it means everything to some, as it is what keeps the house warm and food on the table. However, that could be changing for a lot of families with Gov. Jared Polis signing a bill overhauling oil and gas regulations into law on Tuesday, shifting the focus from encouraging production to protecting public safety and the environment.
Supporters say it brings much-needed protection to Colorado’s booming population and the environment.
Opponents say the law will stifle a major industry and kill jobs. Efforts are already underway to overturn it and recall a lawmaker who voted for it.
Oil and gas drilling is contentious in Colorado, which ranks fifth nationally in crude oil production and sixth in natural gas.
The industry says it contributes $32 billion annually to the state economy and supports 89,000 jobs.