Alva Review-Courier -

Colorado raising taxes on oil, gas drillers by $4.8M

 

February 14, 2018



DENVER (AP) — Colorado oil and gas regulators are raising taxes on energy developers to help pay for the environmental impacts of drilling.

The Colorado Oil and Gas Conservation Commission approved a plan on Monday to raise $4.8 million more in taxes by charging 0.11 cents on every dollar of oil and gas produced.

The industry supported the increase.

Local governments and environmentalists had urged commissioners to raise taxes by at least $7 million a year to address more public health and safety issues.

The commission is almost totally funded by industry taxes. The tax hike will compensa...



For access to this article please sign in or subscribe.

 

Reader Comments(0)

 
 

Our Family of Publications Includes:

Arc
Newsgram

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2022

Rendered 11/30/2022 19:29