State House Committee Approves Contraversial Oil & Gas Bill
KREX News Room
COLORADO A bill looking to change oil and gas regulation in Colorado was approved by a democratic house committee today.
The bill would prevent individuals working for oil and gas companies in Colorado from serving on the Colorado Oil and Gas Conservation Commission.
The Commission is responsible for promoting drilling in Colorado, while protecting the public from its negative impacts.
Supporters of the bill believe this will eliminate any conflicts of interest that employees of oil companies would have while serving the Commission
"It's a good piece of legislation that will increase the transparency of the Oil and Gas Commission, and bolster its accountability and strengthen public confidence in the oversight of oil and gas in Colorado," said Chris Arend, Strategic Communications Director for Conservation Colorado.
Those opposed to the bill say the Commission would lose the expertise and knowledge of professionals currently working in the field.
"We believe that the Commission benefits from having industry representatives as a part of the membership of the Commission, and we think the bill is a solution looking for a problem," said Stan Dempsey Jr., President of Colorado Petroleum Association.
The bill will now move forward to the State House to be voted on.