What is Proposition 112?
Proposition 112 is a ballot measure in the Colorado midterm elections that would increase the current setback distance by 5 times, creating a buffer zone of 2,500 feet between new oil and gas development and occupied structures and vulnerable areas.
The current setback requirement is 500 feet, the distance implemented by the Colorado Oil and Gas Conservation Commission (COGCC) in 2013 when the buffer zone for urban areas was 350 feet. That was a 42% increase. Proposition 112 is a 500% increase.
Colorado Oil & Gas Industry Stats
- 5th in natural gas production
- 7th in oil production
- Oil & natural gas development employs over 100,00 men and women with an average salary of $105,000
- Oil & Gas industry provides over $32 billion annually to Colorado’s economy
- More than $1 billion annually in state and local taxes
Who opposes 112?
This extreme measure would devastate Colorado’s economy and employment. That’s why our state’s leaders are unified in their opposition of 112, including:
- Governor Hickenlooper
- Mayor Hancock
- Congressman Jared Polis (Democrat gubernatorial candidate)
- State Treasurer Walker Stapleton (Republican gubernatorial candidate)
- Weld County Mayors
Impact to Colorado Economy
- 147,800 jobs lost
- $169-217 billion loss to Colorado’s economy over 12 years
- $7-9 billion in reductions to state and local tax revenue
