News Releases

News Release | CoPIRG Foundation | Tax

Study: 70% of Fortune 500 Companies Used Tax Havens in 2013

Tax loopholes encouraged more than 70 percent of Fortune 500 companies – including Colorado’s Liberty Global and Western Union – to maintain subsidiaries inoffshore tax havens as of 2013, according to “Offshore Shell Games,” released today by the CoPIRG Foundation and Citizens for Tax Justice. Collectively, the companies reported booking nearly $2 trillion offshore for tax purposes, with just 30 companies accounting for 62 percent of the total, or $1.2 trillion.

News Release | CoPIRG Foundation | Safe Energy

VICTORY: PUC Rejects Xcel’s Energy Savings Rollback Proposal

On Wednesday, the Colorado Public Utilities Commission rejected Xcel Energy’s proposal to cut their energy savings programs by nearly a third from their 2014 level. The PUC also tightened up the rules around bonuses that Xcel can generate from meeting their goals and directed Xcel Energy to develop plans for new energy saving opportunities.

News Release | CoPIRG Foundation | Safe Energy

6,100 Coloradans Tell PUC: Don’t Let Xcel Roll Back Energy Savings

A coalition of groups including the CoPIRG Foundation and Environment Colorado delivered over 6,000 petitions and dozens of letters from elected officials to the Public Utilities Commission (PUC), calling on them to reject a proposal by Xcel Energy to scale back their energy savings programs. At stake is $600 million in savings for Xcel’s approximately 1.4 million customers.

News Release | CoPIRG Foundation | Budget

Colorado Takes Big Jump in Transparency of Government Spending

Colorado took a big jump forward in the transparency of its government spending according to Following the Money 2014: How the States Rank on Providing Online Access to Government Spending Data, the fifth annual report of its kind by the CoPIRG Foundation. After receiving a “D+” in 2013 and placing in the bottom ten states, Colorado jumped to a “B” and placed in the top 20 by implementing improvements like making over 19,000 public subsidies totaling $500 million accessible online.

News Release | CoPIRG | Transportation

CoPIRG Releases Principles for Privatized Transportation Projects

As Colorado’s transportation officials pursue more and more “public-private partnerships” (PPPs) to help build and maintain roads and transit projects, CoPIRG released a set of principles that the public can use to determine if projects adequately protect the public interest. CoPIRG released the principles the week the Colorado Department of Transportation (CDOT) is holding public information sessions on a proposed PPP to build and maintain highway US 36.

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