According to a new report from the Colorado Energy Coalition, an affiliate of the Metro Denver Economic Development Corporation, Colorado's abundant energy resources, forward-looking policies, R&D facilities and collaborative partnerships have led to a balanced energy economy where businesses thrive. Here are the details.
* This year, the state's fossil fuel sector directly employed 43,430 people.
* The average annual salary for a fossil fuels worker in Colorado, according to 2011 figures was $100,930. The national average for pay in this sector is $92,170.
* The cleantech sector employed 21,950 perople in Colorado this year, with the average annual salary of $77,160. The national average for cleantech sector jobs is $72,980.
* Colorado's payroll for the fossil fuel industry in 2011 was $4.2 billion, with payroll for cleantech at 1.7 billion.
* The U.S. Department of Energy places Colorado in the top five for natural gas production, the top 10 for oil production, near-top 10 for coal production, top 10 for wind production, top five for solar and says the state is the national leader in LEED-certified energy efficient building space per capita, the Colorado Energy Coalition reported.
* New oil transportation infrastructure projects are being planned, including NuStar Energy's plans to build a new pipeline in the Niobrara formation that will transport crude petroleum to refineries in Colorado, Texas and Oklahoma. Additionally, American Pipeline plans to build a crude oil loading facility in Weld County, the report stated.
* Though Colorado's coal production has declined over the past decade, hitting its low in 2010, it is increasing again and is poised to be the ninth-largest coal producer in the nation.
* At 22 cents per gallon, Colorado's gasoline taxes are well below the national average of 27 cents, the report stated.
* Colorado ranks third in the nation for public lands drilling leases.
* In spite of the state's apparent successes in the energy industry, federal regulatory and political uncertainties may slow growth of the state's energy economy, according to the report.
* The set expiration of the Production Tax Credit for renewable energy and the ambiguity surrounding its extension has resulted in the delay or abandonment of projects, the report stated.
* Congressional consideration for abandoning subsidies for the oil and gas industry and federal regulations about hydraulic fracturing and emission controls also loom large.
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