Post Tagged with: "Ballot initiatives"

Drilling in Colorado Lives to See Another Day: Proposition 112 Fails - Photo: Oil & Gas 360

Drilling in Colorado Lives to See Another Day: Proposition 112 Fails

Colorado oil and gas companies breathe a sigh of relief – and their share prices respond Turns out DCP Midstream CEO Wooter van Kempen’s ‘glass more than half full’ philosophy was prophetic. During his company’s Q3 conference call yesterday van Kempen made multiple predictions as to the fate of 112 and he repeated his faith in Colorado voters in response to several analyst questions about the highly contested measure. “I said earlier I’m very confident that 112 will be defeated by Coloradans at the ballot box. But obviously we’re going to be excited to start watching the news when the polls close,” van Kempen said on his company’s earnings call. DCP’s stock was up almost 8% Wednesday at noon. Indeed, Colorado’s citizens set record… Login or click here to subscribe Username or E-mail Password Remember Me     Forgot Password

4 Ballot Initiatives in the Electricity Sector to Watch on Election Day: Forcing Clean Energy, Imposing a Carbon Tax and Deregulation

4 Ballot Initiatives in the Electricity Sector to Watch on Election Day: Forcing Clean Energy, Imposing a Carbon Tax and Deregulation

From Utility Dive In Washington, Nevada and Arizona, voters will consider a carbon tax, deregulation and 50% renewables requirements. Across the United States, the general trend is toward clean energy resources and away from carbon-emitting generation. But in some states there is a sense that regulators and utilities are not moving fast enough — leading to ballot initiatives that could abruptly change the course of state policy. Arizona and Nevada voters will consider a 50% renewables standard. Washington voters could be the first in the US to adopt a carbon tax (previous efforts failed). And again in Nevada, voters will consider doing away with monopolies and moving to a competitive energy market. Utilities in each state have raised concerns about the measures, but according to J.R. Tolbert, vice president of state policy at Advanced Energy Economy, advocacy groups may increasingly turn to the ballot box if they do not believe they are[Read More…]

Colorado Oil Patch: Trouble is Brewing

Colorado Oil Patch: Trouble is Brewing

New Anti-Energy Development Initiatives Registered with Secretary of State Eleven initiatives aimed at Colorado’s oil and gas development were issued on December 22, 2015, marking the start of a new chapter in the Centennial state’s ongoing tug of war between the energy industry and neighboring communities. Eight of the proposed initiatives targeted setbacks for operations, but two of the measures are generating the greatest response from Colorado’s oil and gas proponents. One calls for the outright ban of hydraulic fracturing, while the other aims to shift regulations to local authority rather than that of the state. Colorado’s booming population and the simultaneous emergence of the Denver-Julesburg Basin has pressed the two elements of the state’s economy together, resulting in vigorous political debates about the energy industry’s drilling practices. Five different Colorado communities passed hydraulic fracturing bans in the past few years, but state courts have since invalidated three of the bans.[Read More…]