How a Canadian pension fund is financing drilling along the Front Range

Date
Publication
Boulder Weekly
Expert

Austin Graham, legal counsel for the non-partisan Campaign Legal Center in Washington, D.C., reviewed Crestone’s contributions for their legality with regard to both federal and Colorado campaign laws, at my request. Federal law requires that foreign-owned companies’ contributions to state campaigns meet a two-part test: the contributions must be drawn from money made from U.S. operations; and that the person making the decision to donate is a U.S. citizen. Since Crestone is a privately held, Canadian-owned company whose only public financial disclosure indicated the company’s value has declined since being formed, it is not obvious where the money came from or who made the decision to contribute to the election. “How would you know?” Graham asked.

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