Oil And Gas Group Sues Colo. Town To Kill Fracking Ban

Law360, New York (December 18, 2012, 3:06 PM EST) -- In a test of cities' power to police hydraulic fracturing, the Colorado Oil & Gas Association on Monday sued a Denver-area municipality to invalidate a voter-approved ban on the natural gas extraction technique, saying it intrudes on state oversight and fosters inconsistent regulation.

The lawsuit, filed six weeks after Longmont, Colo., residents voted 60 percent to 40 percent to outlaw fracking within city limits, characterizes the new restriction as a de facto ban on all gas exploration because only unconventional drilling tactics can successfully access the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.