Fracking ban in Colorado town tossed as statewide vote looms

|By:, SA News Editor

A fracking ban in Longmont, Colo., was thrown out by a judge yesterday, rejecting the city's argument that the ban is legitimate because the fracking amounts to a purely local matter.

Colorado's governor and business leaders aim to defeat ballot initiative proposals that would amend the state constitution to require wells to be set back 2,000 feet from structures and provide communities with more control over where drilling takes place.

Anadarko Petroleum (NYSE:APC), Whiting Petroleum (NYSE:WLL) and Encana (NYSE:ECA), which are drilling in the Denver-Julesburg Basin, plan to spend $50M to fight the measures.