HomeMy WebLinkAbout20182942.tiffRESOLUTION
RE: EXPRESSION OF OPPOSITION FOR PROPOSITION 112 ("SETBACK
REQUIREMENT FOR OIL AND GAS DEVELOPMENT")
WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to
Colorado statute and the Weld County Home Rule Charter, is vested with the authority of
administering the affairs of Weld County, Colorado, and
WHEREAS, Colorado is a major energy -producing state, ranked fifth in the nation for
natural gas production and seventh in oil production, according to U.S. government data, and
WHEREAS, Colorado is widely recognized as a national leader in developing health,
safety and environmental protections, and
WHEREAS, oil and natural gas development is a critical sector of the Colorado economy,
supporting jobs and supplying locally produced and affordable energy to households and
businesses across Colorado, and
WHEREAS, a study conducted by the REMI Partnership, a coalition of state business
groups, found the setback initiative would eliminate over $26 billion annually in state Gross
Domestic Product (GDP), more than $1 billion in state and local tax revenue per year, and almost
150,000 Colorado jobs by 2030, and
WHEREAS, more than 232,000 jobs in Colorado are supported by oil and natural gas
development, equivalent to 6.5 percent of total employment in the state, according to a 2017 study
by globally renowned accounting firm PricewaterhouseCoopers, and
WHEREAS, according to the same study, oil and natural gas development in Colorado
supports more than $31 billion in economic activity, equivalent to almost 10 percent of the state
economy, and
WHEREAS, oil and natural gas development in Colorado generates almost $1.2 billion in
tax revenue, according to a 2015 study by the University of Colorado's Leeds School of Business,
and
WHEREAS, the loss of Colorado's energy sector would devastate the state economy,
cripple state and local budgets, and threaten the livelihoods of hundreds of thousands of working
families, and
WHEREAS, anti -oil and gas proposals would dramatically increase the cost of doing
business in the State of Colorado, creating a hostile business climate that scares away investment
from all sectors of our economy, and
WHEREAS, out-of-state environmental activist groups are leading a campaign to ban oil
and natural gas development in Colorado, showing a total disregard for the devastating economic
impacts they will leave behind if they succeed, and
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2018-2942
BC0051
EXPRESSION OF OPPOSITION FOR PROPOSITION 112 ("SETBACK REQUIREMENT FOR
OIL AND GAS DEVELOPMENT")
PAGE 2
WHEREAS, Proposition 112 ("Setback Requirement for Oil and Gas Development") is a
one -size -fits -all, blunt instrument that would create a de facto ban on oil and gas production, even
in communities that embrace responsible energy development, showing that the proponents of
the Proposed Initiative do not support local control as they claim.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County, Colorado, that it hereby expresses its opposition for Proposition 112 ("Setback
Requirement for Oil and Gas Development").
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 17th day of September, A.D., 2018.
ATTEST: ifQ J 44o; eA
Weld County Clerk to the Board
BY
AP
JA.o.. Q _
eputy Clerk to the Boa d
County Attorney
Date of signature: mil/ t%e/ ( g
BOARD OF COUNTY COMMISSIONERS
WELDCOUNTY, COLORADO
Steve Moreno, Chair
arbara Kirkmeyer r ro-Tem
Mike Freeman
2018-2942
BC0051
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