Prop 112 fails as voters say no to larger setbacks for oil and gas

Legislative, NewsLeave a Comment

John Aguilar | Denver Post

Proposition 112, the initiative that would dramatically increase oil and gas drilling setbacks from homes, businesses and waterways, was decisively defeated Tuesday night following a contentious campaign in which the industry spent tens of millions of dollars to derail the measure.

As of 8:30 a.m Wednesday, the measure had failed by a 57 percent to 43 percent margin with, with 100 percent of counties reporting.

Amendment 74, which would allow property owners to seek compensation from government any time a government action or regulation devalues a person’s property, was also facing defeat, trailing 54 percent to 46 percent. The amendment needed 55 percent of the vote to become law.

Both measures had tallied more than 1.7 million votes each.

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