Don’t let misinformed out-of-state anti-oil and gas industry proponents fool you. Proposition 112 is damaging to the Colorado economy. The reckless ballot initiative will ultimately ban energy development in the Centennial State. If passed, Proposition 112 will lead to devastating, sweeping economic losses that will be felt by Coloradans and their families for years to come.
Here are just a few of the profoundly negative economic impacts Proposition 112 will have if Coloradans don’t band together to defeat this irresponsible ballot measure on Election Day this November 6.
- There will be massive job losses.
Proposition 112 will cost Coloradans as many as 43,000 jobs next year alone, according to a recent economic study by the Common Sense Policy Roundtable and the REMI Partnership. Worse yet, the number of job losses is expected to balloon to 147,800 by 2030, per the eye-opening study.
- State and local tax revenues will be slashed.
This dangerous ballot measure will effectively ban oil and natural gas development across the majority of the state of Colorado — 85 percent of private and state land included. The result: a cumulative loss of $7 billion to $9 billion in local and state tax revenue between 2019 and 2030. The annual loss by 2030 is projected to exceed $1 billion per year. .
What you can do: Protect Colorado and vote NO on Proposition 112.
The facts are clear. Proposition 112 will set back Colorado in far too many harmful ways that will be felt for generations to come. Take a stand for your state and vote NO on Proposition 112.