“Alaska’s oil tax structure is flawed! It is a policy that creates the most profitable opportunities for oil companies but requires Alaska to actually PAY oil companies to extract our oil. It leaves Alaska with a huge deficit and oil companies walking away with 35% of their worldwide profit after investing under 15% of their worldwide investment. Though the “Vote Yes” campaign was fought a few years ago to repeal this flawed policy, oil companies were able to flood the airwaves with empty promises about how SB 21 would create far more production and induce fear of losing jobs if SB21 was repealed. Alaska has learned the hard way that we need to stop letting oil companies dictate their own taxation/tax credit playbook. It’s time to create a sensible policy so Alaska will consistently get it’s Fair Share for it’s oil resources.”
~ Andrea Lang
