At a time when inflation is already skyrocketing, some folks in Washington are still looking to target the U.S. natural gas and oil industry with more pay-for taxes that are unnecessary, and which will likely hurt our economy, global competitiveness, and national security.
The industry’s total impact in 2019 amounted to 11.3 million full-time and part-time jobs in the U.S or 5.6% of total U.S. employment. In Colorado, the industry accounted for 8.6% of employment and supported almost 340,000 jobs directly or indirectly in the state.
With literally hundreds of thousands of jobs at stake in Colorado alone, it is critical that Senator Hickenlooper support productive partnerships between U.S. energy producers and agencies like EPA instead of resorting to punitive taxes like the proposed natural gas tax like the proposed natural gas tax under consideration in the budget reconciliation debate, which is duplicative and plain ineffective as an approach to addressing the important issue of methane emissions.
U.S. natural gas and oil companies have shown their commitment to reducing methane emissions by not only investing in innovative technologies but also by participating in voluntary programs like The Environmental Partnership that are aimed at reducing methane emissions. Furthermore, Colorado operators are already operating under some of the most stringent regulations in the nation.
The fact is, if energy production is forced beyond our borders by costly taxes, not only will we lose good-paying jobs here at home, but we also run the risk of being subjected to increased emissions from energy that is produced without the same environmental protections we are afforded here in Colorado and the U.S.
Don’t let Senator Hickenlooper and his Washington colleagues put our economy, national security, environmental progress, or jobs at risk. Send a letter today!