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Board hearing highlights revenue concentration in oil and gas and legal limits on stewardship framing
Summary
At a strategic-planning workshop, consultants and staff discussed that roughly 80% of trust revenue currently comes from oil and gas, asked whether the board can quantify remaining reserves, and heard legal counsel caution that stewardship must be framed to protect beneficiary value.
Commissioners pressed staff and consultants on the financial reality behind the Colorado State Land Board’s portfolio during a February workshop in Denver, focusing on how to balance a heavy reliance on oil and gas revenue with new stewardship expectations.
Consultants said stakeholders repeatedly flagged the board’s revenue concentration —"this 80% or so revenue particularly from oil and gas," a consultant summarized— and urged the board to build a portfolio and communication strategy to manage the risk of that…
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