May 30, 2013: Ethics Watch Reveals Lobbying, Influence of Colorado's Oil & Gas Industry.
Colorado Ethics Watch released Spend, Baby, Spend: How Oil and Gas Controls Colorado, revealing the powerful influence this relatively small industry seemingly has on legislation and public officials in our state.
Spend, Baby, Spend breaks down direct and indirect spending by the oil and gas industry to influence Colorado politics, and points out the return on investment for these corporations – weakened or defeated legislation that would have strengthened water quality testing requirements and eliminated a system where the industry is regulating itself. In fact, the industry has long been lightly regulated in Colorado, with fines for spills capped at $1000 per day. In contrast, industry-friendly Texas allows fines ten times larger.