Mineral Owners Decry Attempts by Out-of-State Billionaires to Trample on Property Rights

National Association of Royalty Owners

National Association of Royalty Owners

FOR IMMEDIATE RELEASE

Senate U.S. Environment and Public Works Committee Report Connects the Dots between Country’s Largest Family Foundations and Colorado’s Fracking Ban Groups

DENVER (July 30, 2014) – Republicans on the Senate’s U.S. Environment and Public Works Committee released a report that spotlighted the collaboration between billionaires funding groups to influence environmental public policy, environmental activists and the Environmental Protection Agency (EPA). The report showed how attempts to ban fracking in Colorado are funded by some of the largest family foundations in the country.

The National Association of Royalty Owners – Rockies, which represents the interests of 600,000 mineral owners in the state of Colorado, condemns the attempts of these faux-grassroots organizations to strip mineral owners of their private property rights via bans on energy development.

“Mineral ownership has benefited Colorado families for generations.  Not only have royalties resulting from mineral ownership helped families keep their farms and ranches and send their children to college, but the energy resources developed from the minerals extracted have helped keep America’s energy prices low,” said Michelle Smith, president of NARO-Rockies.” It’s bad enough that groups have attempted to undermine property rights in Colorado. To have additional confirmation that these movements are driven by out-of-state, out-of-touch billionaires to the detriment of Colorado families is disheartening.”

From the report:

“The same billionaire foundations behind the New York anti-fracking efforts have also moved into Colorado through two coalitions – Local Control Colorado and Frack Free Colorado, which are directly affiliated with the NY-based groups already discussed…. FFC’s website states the group is a ‘people’s movement that consists of concerned citizens, companies…and organizations. However, at least two of the organizations listed as a member of FFC – Artists Against Fracking and Food & Water Watch – are based in New York and Washington, D.C.”
 

About the National Association of Royalty Owners (NARO) – Rockies Chapter

NARO encourages and promotes exploration and production of minerals in the Rocky Mountain region.  NARO represents the interests of the nearly 600,000 mineral interest owners in the state of Colorado.  The organization preserves, protects, advances and represents the interests and rights of mineral and royalty owners through education, advocacy and assistance to its members, to NARO chapter organizations, to government bodies and to the public.  Additional information about NARO can be found here.

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