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The rules proposed on 25 January by the Colorado Oil and Gas Conservation Commission (COGCC) conflict with the Task Force黑料社檚 original recommendations, said Colorado Petroleum Council (CPC) Executive Director Tracee Bentley.

黑料社淓nergy is fundamental to our society, and thanks to innovation and entrepreneurial spirit, Colorado stands among the country黑料社檚 leaders in energy production and environmental improvement. To remain an energy leader, we must balance a healthy, growing economy with rules that do not hinder progress and encourage innovation.

黑料社淲hile it is clear that a significant portion of these rules do go far beyond the scope of the original Task Force recommendations, we recognise and appreciate the collaboration from the COGCC staff and other stakeholders who participated in this process.

黑料社淎ttempting to regulate relationships via regulatory rulemakings is extremely difficult, as demonstrated by this process. The oil and natural gas industry will continue dialogue with local governments and all stakeholders on proposals that support Colorado黑料社檚 economic prosperity and benefits to consumers. Coloradan energy policies can be an example for how the US can grow its economy and create jobs rather than stifling energy development in the state with additional roadblocks for energy development and fewer benefits for Coloradans.

黑料社淐olorado黑料社檚 oil and natural gas industry will continue to work hard to develop and support the sound regulation of fuels that make modern living economically possible and environmentally sound. Colorado will remain an energy and jobs growth leader only if we get our energy policy right today.黑料社�

The CPC is a division of API, which represents all segments of America黑料社檚 oil and natural gas industry. Its more than 650 members produce, process, and distribute most of the nation黑料社檚 energy. The industry also supports 9.8 million US jobs and 8% of the US economy.

Adapted from press release by

Read the article online at: /business-news/26012016/cpc-new-rules-conflict-with-task-force-recommendations-2259/