JUNE 10TH, 2008 | Polis for Congress
FOR IMMEDIATE RELEASE: Tuesday, June 10, 2004
CONTACT: Robert Becker, (303) 381-0121
"The author of Colorado's 'Oil & Gas Dream Bill' is now playing 'me-too' politics by vowing to end taxpayer subsidies for Big Oil?
"Sorry, but Senator Fitz-Gerald had seven years in the State Senate to take a pro-active approach to reigning in Big Oil, and she did nothing. Instead, she was Big Oil's sweetheart, accepting tens of thousands of dollars in campaign contributions from giants like El Paso Energy, Chevron Texaco and the Colorado Oil and Gas Association, and then trying to pass a sweetheart royalties deal for Big Oil through her 'Dream Bill' in 2002.
"If Senator Fitz-Gerald wants to play finger-in-the-wind politics, she needs wipe her fingerprints of the oil first."
Jared Polis issued a comprehensive plan to bring down gas prices earlier this week ahead of Fitz-Gerald:
BACKGROUND
In February 2002, Senator Fitz-Gerald sponsored a bill [An Oil-Industry Dream Bill, Denver Post, 2/28/02, 2002 Colorado Legislature], which would have cut by half the royalty payments made by oil and gas companies to royalty owners – Colorado farmers and ranchers. Fitz-Gerald’s legislation sought to overturn a court ruling that prohibited transportation and processing costs from being deducted from royalty payments.
She said that the legislation would help the oil and gas industry, and without the industry no one would make any money from the resources:
“If you kill the goose that lays the golden egg, then nothing from nothing is nothing” [Colorado Senate Likely to Approve Natural Gas Production Payout Bill, Denver Post, 2/21/02]. Opponents of the bill rightly said that it was a product of “special interest greed” and would harm the royalty owners. Click here to read the bill.
According to the Denver Post at the time:
“The state legislature appears ready to kowtow to the oil and gas industry despite potential harm to thousands of Colorado farmers, ranchers and other landowners.
“A pending measure, SB 141, could cut in half the royalties natural gas companies pay to people who own private mineral rights. But the broader question is why state lawmakers are carrying water for the oil and gas industry” [Denver Post, 2/28/02].
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CONTACT: Robert Becker, (303) 381-0121
"The author of Colorado's 'Oil & Gas Dream Bill' is now playing 'me-too' politics by vowing to end taxpayer subsidies for Big Oil?
"Sorry, but Senator Fitz-Gerald had seven years in the State Senate to take a pro-active approach to reigning in Big Oil, and she did nothing. Instead, she was Big Oil's sweetheart, accepting tens of thousands of dollars in campaign contributions from giants like El Paso Energy, Chevron Texaco and the Colorado Oil and Gas Association, and then trying to pass a sweetheart royalties deal for Big Oil through her 'Dream Bill' in 2002.
"If Senator Fitz-Gerald wants to play finger-in-the-wind politics, she needs wipe her fingerprints of the oil first."
Jared Polis issued a comprehensive plan to bring down gas prices earlier this week ahead of Fitz-Gerald:
BACKGROUND
In February 2002, Senator Fitz-Gerald sponsored a bill [An Oil-Industry Dream Bill, Denver Post, 2/28/02, 2002 Colorado Legislature], which would have cut by half the royalty payments made by oil and gas companies to royalty owners – Colorado farmers and ranchers. Fitz-Gerald’s legislation sought to overturn a court ruling that prohibited transportation and processing costs from being deducted from royalty payments.
She said that the legislation would help the oil and gas industry, and without the industry no one would make any money from the resources:
“If you kill the goose that lays the golden egg, then nothing from nothing is nothing” [Colorado Senate Likely to Approve Natural Gas Production Payout Bill, Denver Post, 2/21/02]. Opponents of the bill rightly said that it was a product of “special interest greed” and would harm the royalty owners. Click here to read the bill.
According to the Denver Post at the time:
“The state legislature appears ready to kowtow to the oil and gas industry despite potential harm to thousands of Colorado farmers, ranchers and other landowners.
“A pending measure, SB 141, could cut in half the royalties natural gas companies pay to people who own private mineral rights. But the broader question is why state lawmakers are carrying water for the oil and gas industry” [Denver Post, 2/28/02].
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Ask Jared a question!
