Colorado cities with the potential to host hydraulic fracturing campaigns could lose up to $1 million in tax revenue if bans are enforced, analysis finds. The Colorado Supreme Court heard arguments in early December on whether state or local governments have the authority to restrict hydraulic fracturing, a controversial drilling practice known also as fracking. A lower court threw out restrictions imposed by five Colorado cities and challenged by the Colorado Oil and Gas Association. Analysis of well activity in Colorado from energy consultant group Wood Mackenzie finds between $750,000 and $1 million in potential tax revenue would be lost if fracking restrictions are enforced. “Although we are likely months away from the court’s decision, the […]