Higher Drilling Fines Approved By Colorado House

DENVER (AP) – A bill to increase fines on the oil and gas industry is on its way to the Colorado Senate after the state House gave it final approval Monday.

The bill hikes maximum fines from $1,000 a day to $15,000 a day for companies that violate Colorado regulations. The House approved the measure 40-22.

A similar fines bill failed last year. But this year’s bill has the support of Colorado energy industry because it no longer included minimum daily fines.

Colorado’s maximum daily drilling fines haven’t been hiked since 1955.

LINK: House Bill 1356

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Denver

Enter To Win!
Weather App

Listen Live

AM/FM Stations

Featured Shows & Multimedia