A deal struck behind closed doors between the Polis administration, environmental groups, and major oil and gas companies has sent shockwaves through Colorado’s energy sector. The agreement imposes a new fee on the industry to fund Democratic priorities like transportation and conservation.
Industry Insiders Blindsided
Many within the oil and gas industry were caught off guard by both the fee and the secretive negotiations. One insider, speaking anonymously, expressed surprise at the deal and the lack of transparency in the process.
Critics Call Out Back-Room Politics
Critics like attorney Paul Seby condemn the lack of public input, calling it “a closed-door, back-room effort” that favors a few powerful players. Seby draws parallels to the controversial Clean Air-Clean Jobs Act of 2010, highlighting a pattern of non-transparent policymaking in Colorado.
What the Deal Means
In exchange for the fee, several environmental ballot measures will be withdrawn, and the governor promises regulatory stability. The fee, estimated at $140 million, is expected to fall heavily on smaller producers who were not at the negotiating table.
Big Players Support, Smaller Ones May Struggle
Major companies like Chevron and Occidental support the deal, seeking an end to years of legislative battles. However, smaller operators could face serious financial strain from the new fee.
Debate Continues
This surprise deal ignites a debate around the balance of power in Colorado. As the bill moves through the legislature, questions linger about the price of this deal, who truly benefits, and the transparency of the process that led to it.