Quality of life
Quality of life
Fracking erodes our quality of life.
Fracking operations can take place in close proximity to homes, schools, public spaces, and drinking water sources.
Understand the impact
- Noise, lights, and emissions from diesel generators and on-site equipment.
- Each well requires thousands of trucks hauling water, sand and chemicals.
- Homes can be built on top of old or abandoned well sites.
- Reduction in home property values near oil & gas operations.
Jobs & economy
The not so good, the bad, and the ugly.
The Not so good
O&G industry accounts for roughly $1 billion in state and local tax revenue in Colorado, annually. Although this may seem like a hefty sum, in comparison, recreation & tourism account for nearly $60 billion per year in Colorado!
O&G industry accounts for roughly 1% of Colorado’s workforce or about 29,000 direct jobs. In comparison, the outdoor recreation and tourism industry accounts for over 250,000 direct jobs. Wind & solar account for over 64,000 direct jobs.
The bad
O&G has received bailouts, subsidies, tax breaks, yet over 12 companies in Colorado have filed for bankruptcy since 2015.
O&G companies in Colorado either failed to complete tax documents or filed incomplete documents throughout 2015-2018. Industry has potentially shortchanged the state billions in taxes!
O&G is a boom-and-bust business that creates unstable employment dependent on frequent layoffs and transient workers that are often relocated from state-to-state. Production and jobs are dependent on international prices and the laws of supply and demand. When gas prices are low, O&G companies slow production and lay off workers. When wells run dry in one state, workers are laid off or relocated to another state.
The Ugly
Orphaned and abandoned wells in Colorado could cost taxpayers billions!
Jobs claims are often overstated and include indirect jobs such as gas station attendants, and hospitality employees.
Fast Facts
Fracking
Kills
