Local Colorado anti-fracking initiative could hurt drilling – Encana
28 February 2014 14:14 [Source: ICIS news]
HOUSTON (ICIS)--A local ballot initiative in Colorado, in the US, may hamper oil and gas drilling in that state, Canadian natural gas major Encana said in a regulatory release late Thursday.
The initiative, led by a group called Local Control Colorado, would allow local governments to "place restrictions on the time, place or method of oil and gas development, including but not limited to the use of hydraulic fracturing (fracking), that are intended to protect their communities and citizens."
Encana said that the initiative, and other possible measures, "could make certain Colorado jurisdictions inaccessible to drilling in the future."
"The company recognises that additional hydraulic fracturing ballot initiatives are a possibility and will continue to monitor and respond to these developments in 2014," it said in its filing.
"Encana continues to work with state and local governments, academics and industry leaders to develop and respond to hydraulic fracturing related concerns in Colorado," it said.
The company added that local ordinances passed by several cities - including Boulder, Longmont, Fort Collins, Lafayette and Broomfield – to limit or ban oil and gas activities such as fracking have so far not "significantly impacted" its operations and were not expected to do so in the future.
Colorado is an important part in Encana’s US business activities. By: Stefan Baumgarten+1 713 525 2653
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