energy
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10th Circuit revives lawsuit over misrepresentations of Weld County oil, gas production
A Texas woman may now have a jury decide whether she was duped into selling her royalty rights in Weld County when a buyer allegedly lied to her that no oil and gas production was occurring on the land in question. Last week, the U.S. Court of Appeals for the 10th Circuit reinstated the lawsuit…
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Residents want Denver building code to be greener, more electric focused
Denver voters are a half-step closer to determining the future of the former Park Hill Golf Course land. The city’s Land Use, Transportation and Infrastructure Committee Tuesday sent a resolution to city council that authorizes the city to put the question of whether the land should stay open space or be cleared to allow development…
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‘Do no harm,’ Colorado chamber tells legislators ahead of 2023 session
Preventing “new mandates and regulatory burdens” sits atop the legislative priorities of the Colorado Chamber of Commerce, which urged policymakers to “do no harm” when they convene for the new legislative session next month. The chamber said its agenda for next year – which outlines its short and long-term policy positions on labor and employment,…
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By 5-2, state Supreme Court green-lights investors’ lawsuit against Denver energy company
In a divided ruling on Monday, the Colorado Supreme Court permitted a pension plan for law enforcement to sue a Denver-based oil and gas company for allegedly misleading investors in violation of a Depression-era law designed to prevent fraud. The question for the state’s highest court was whether Jagged Peak Energy Inc. would be held…
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‘Puffery’ or illegal? State Supreme Court evaluates statements made by Denver energy corporation
When Jagged Peak Energy Inc. began publicly selling shares of its stock in 2017, it allegedly misrepresented key aspects of its extraction operation to investors and overstated its ability to produce oil and gas. Now, the Colorado Supreme Court will decide whether the 8,000-person Oklahoma Police Pension and Retirement System may sue Denver-based Jagged Peak…
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Colorado Springs economist: Nation headed for recession — or already in one
Strong economic headwinds are creating enough volatility that the country is headed toward a recession in 2023, if it is not already in one, a top local economist said. Tatiana Bailey, director of the University of Colorado at Colorado Springs Economic Forum, will discuss that outlook and the current conditions facing the nation, state and…
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Q&A with Heidi Ganahl | Colorado’s energy transition is ‘too far, too fast’
The Denver Gazette invited gubernatorial candidates to talk about energy and transportation. Republican candidate Greg Lopez declined the Q&A. In this interview, Republican candidate Heidi Ganahl argues that Colorado’s transition to renewable energy sources is going “too far, too fast,” hammering the poorest Coloradans. The Denver Gazette: What’s the elevator pitch on your energy intentions? Heidi Ganahl: I…
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Natural gas units going up at Drake Power Plant, deconstruction of building likely years out
Six new natural gas units are going up where a colossal coal pile once stood at the Martin Drake Power Plant, a major step toward dismantling the aging blue building in downtown. Colorado Springs Utilities started work preparing for the new $120 million units shortly after the power plant burned coal for the last time…
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Former Interior secretaries Bernhardt, Norton back Joe O’Dea in Republican US Senate primary
Two Colorado Republicans who served as secretary of the Interior on Saturday endorsed Joe O’Dea in the GOP primary for the U.S. Senate seat held by Democrat Michael Bennet. Gale Norton, a former state attorney general, and David Bernhardt, an energy and natural resources attorney, called the wealthy construction company owner’s focus on American energy…
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Polis calls on Commerce Department to halt Chinese solar panel dumping investigation
Gov. Jared Polis sent a letter to U.S. Department of Commerce Secretary Gina Raimondo on Tuesday, urging her to quash a federal investigation of Asian solar panel manufacturers who may be illegally sourcing parts from China to circumvent federal government anti-dumping regulations. Auxin Solar, a California-based solar panel manufacturer, filed a complaint with the Commerce…