Tough energy proposals fail in Colorado, Washington

|By:, SA News Editor

Big Oil is celebrating big midterm wins as voters rejected measures that would have restricted drilling in Colorado and put a tax on carbon emissions in Washington.

Oil companies had spent tens of millions of dollars to oppose the initiatives, with shares of Colorado producers - Noble Energy (NYSE:NBL), Anadarko Petroleum (NYSE:APC) and Devon Energy (NYSE:DVN) - under pressure since the proposal won a spot on the ballot.

Colorado is the fifth-largest U.S. oil producing state.

Related tickers: HPR, XOG, SRCI, LBRT

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