By Tom DiChristopher | CNBC
Colorado drillers are gearing up for a fight after Democratic lawmakers proposed overhauling the state’s oil and gas commission and reforming regulations that could create new roadblocks to fossil fuel development.
Two of the state’s top Democrats introduced the legislation late Friday. They are calling Senate Bill 181 — Protect Public Welfare Oil and Gas Operations — “the most meaningful changes to oil and gas regulations Colorado has seen in over 60 years.”
The move comes just months after the Colorado oil and gas industry celebrated the defeat of new restrictions on drilling in a referendum in November.