American Petroleum Institute analysis says Sanders' fracking bans would devastate Colorado economy

[TexasTowelie]

U.S. Sen. Bernie Sanders has called for an immediate ban on fracking and the end of drilling on federal lands as a way to combat global climate change, a message that resonated in Colorado, where he won Tuesday’s Democratic presidential primary.

But the American Petroleum Institute argues that Sanders’ policies, if implemented, would deal a crushing blow to the Colorado economy, eliminating 353,218 jobs or nearly 5% of the total in the state.

That might explain why the industry is breathing a little easier after former Vice President Joe Biden’s strong performance on Tuesday. Biden’s campaign, although it has at times called for a fracking ban, has advocated tighter regulations, especially on methane emissions, and a more gradual transition.

“He has a more nuanced approach,” said Mike Sommers, president and CEO of the American Petroleum Institute, on a visit to Denver on Thursday.

Read more: https://www.dailycamera.com/2020/03/06/colorado-american-petroleum-institute-analysis-fracking-bans/
(Boulder Daily Camera)