Unemployment

University of Colorado study suggests major job loss from proposed fracking ban

Denver Business Journal; March 26, 2014 By Neil Westergaard and Heather Draper

Fracking draws the ire of environmental activists, many of whom envision a world without the controversial process.

But economists from the University of Colorado (CU) predict job losses of 93,000, and $12 billion in lost gross domestic product (GDP), if proposed bans on hydraulic fracturing in Colorado become law, according to a study released Wednesday.

In just the first five years of a ban on fracking, the loss in GDP would be $8 billion and 68,000 fewer jobs, according to the study.

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