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.
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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.
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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.
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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.