April 16, 2019 was the day that social license to operate (SLTO) became real for Colorado’s energy companies. That’s the date that Colorado’s governor
signed into law
Senate Bill 181, which is transforming the business environment for Colorado oil & gas companies.
If you wanted to quibble, you could say the date SLTO became real was November 8, 2018, when a Blue Wave hit Colorado and voters elected a Democratic governor and Democratic majorities in both the state House and Senate. Previously the legislature had been split, with Democrats controlling the House and Republicans in the majority at the Senate. Divided government had for years prevented any bill perceived to be a threat to the oil & gas industry from being passed.
All that changed when the Blue Wave hit Colorado. There are important lessons for all energy companies operating in any state.
SLTO is an important force
, and some companies, to their regret, only recognize that after the fact.
Breaking News: All Companies Need SLTO
The points I make here
apply equally to all companies, in and out of the energy business.
I have blogged about the importance of energy companies’ cultivating better relations with its stakeholders as a means of securing SLTO. Like
here
. And
here
. And
here
.
