Proposition 112 is a statutory ballot measure that would increase setbacks between oil and natural gas development and homes and other areas to 2,500 feet, or approximately one-half mile. This is effectively a ban on oil and natural gas development in Colorado. This unwise measure would destroy Colorado’s economy without substantive health, safety, or environmental benefits to our residents.
Proposition 112 destroys Coloradans' economy & opportunity.
Within 12 years of this measure taking effect, Colorado would lose $218 billion in GDP. To put this in context, Colorado’s state budget each year is approximately $31 billion.1 Within the first year, job loss is estimated to be between 33,500 and 43,000 jobs.
Proposition 112 hurts local community & education funding.
Proposition 112 would reduce critical funding for schools, hospitals, housing, first responders, and other public goods. A significant portion of revenue from oil and gas development goes back to local communities where production takes place.
Proposition 112 does not improve health, safety, or the enivironment.
There is no credible study that says a 2,500-foot setback is a beneficial setback distance. Proposition 112 is just about banning business.
How Does Proposition 112 Affect our Economy?
Within 12 years of this measure taking effect, Colorado would lose $218 billion in GDP. To put this in context, Colorado’s state budget each year is approximately $31 billion.1 Within the first year, job loss is estimated to be between 33,500 and 43,000 jobs.
Within the first few years, 147,800 jobs will be lost because of Proposition 112.
77% of jobs lost because of Proposition 112 will not be in the oil and gas industry, but in industries that support the oil and gas industry.