Want to ban fracking? Be ready to pay up under Colorado Legislature bill

Hydraulic Fracturing Illustration - Idealized

Hydraulic Fracturing Illustration – Idealized

 – Reporter – Denver Business Journal – December 19, 2014

Counties that enact a ban on fracking would have to compensate the owners of mineral rights under a bill Rep. Perry Buck, R-Windsor, plans to introduce during the 2015 legislative session.

Senator-elect Jerry Sonnenberg, R-Sterling, will sponsor the bill in the Senate, Buck said.

“It’s only fair, if you have an asset like mineral rights, that you’re allowed to receive the value for it,” Buck said.

Last summer, Sonnenberg, as a state Representative, backed a ballot proposal called Initiative 121 along with Rep. Frank McNulty, R-Highlands Ranch. The initiative called for barring cities and counties that banned fracking from receiving state severance-tax funds.

The proposal was among four pulled from the ballot in August as part of a deal between Gov. John Hickenlooper and Boulder’s U.S. Rep. Jared Polis (D).

Buck’s bill may have a tough slog in Colorado’s House of Representatives, which is controlled by the Democrats by a 34-31 margin. Republicans will have a one-seat majority in the Senate, where there is an 18-17 split with the Democrats.

Continue reading story at The Denver Business Journal

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