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DENVER – The Colorado Chamber of Commerce released the following statement from Chamber President Chuck Berry on Senate Bill 181, the oil and gas bill up for debate in the Colorado House of Representatives today:
“We are fortunate to have such abundant natural resources in Colorado, and we’re grateful to the oil and gas companies that do business here and develop those resources responsibly. The Colorado Chamber is very concerned about SB 181 and we fear that it could have a detrimental impact on the state’s overall economy, putting thousands of jobs at risk and resulting in billions in lost revenue. Today, we’re urging the House to vote ‘no’ on this bill.”
The oil and gas industry contributes $13.5 billion to the Colorado economy, $1 billion in taxes to fund state and local governments, and employs tens of thousands of workers. Click here to view a report by the Global Energy Management Program at the University of Colorado Denver Business School on the economic and fiscal contributions of the industry, courtesy of the Colorado Oil and Gas Association.
The Colorado Chamber of Commerce was created in 1965 based on the merger of the Colorado Chamber and the Colorado Manufacturers’ Association. It is the only business association in Colorado that works to improve the business climate for all sizes of business from a statewide, multi-industry perspective. As a private, non-profit organization, the Colorado Chamber’s work is funded solely by its members.