Test-Marketing Environmentalism

摘要

Some local control of hydraulic fracturing ballot initiatives are percolating in Colorado, and they could have serious negative implications for the entire U.S. oil and gas industry if voters approve them in November. Billions of tax dollars would be lost in Colorado and billions more in oil and gas shareholder value would evaporate. Anecdotal evidence suggests that local-control issues are now on the radar screen of institutional oil and gas investors. And national environmental groups are either directly involved in the Colorado effort, or they're keeping a watchful eye.