DENVERA pair of bills introduced in the Colorado House of Representatives Monday aim to tighten regulation of the oil and gas industry.
The bills, both sponsored by Rep. Adam Foote, D-Lafayette, are the first of many anticipated proposals aimed at addressing the proliferation of hydraulic fracturing in Colorado.
HB 1267 would increase penalties against oil companies that violate state laws.
Currently, violations are punishable by a maximum fine of $1,000 per day. Under the bill, the maximum would increase to $15,000. Certain serious violations would carry a new minimum penalty of $5,000.
The bill would also repeal a $10,000 cap on the total combined fine for less serious violations.
The other bill, HB 1269 would make it illegal for people employed by the oil and gas industry to serve on the Colorado oil and gas conservation commission, the state regulatory authority for the industry.
The first public hearing on increased fines is expected in the House Transportation and Energy Committee on Wednesday.
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