A new state law allows those companies to pay that debt with tax credits, meaning the state might not see any of that money. At least, not in cash.
Rashah McChesney
Daily News Editor
I help the newsroom establish daily news priorities and do hands-on editing to ensure a steady stream of breaking and enterprise news for a local and regional audience.
State approves ExxonMobil’s expansion plan for Point Thomson, ending months-long fight
Gov. Walker approves approves ExxonMobil’s plan to explore expansion of the massive Point Thomson gas field.
State’s latest water quality report has bad news for popular Kenai River
Each time the state puts out its water quality report, there’s good news and there’s bad news.
Permanent Fund Corporation to study ethical and sustainable investing
An Alaska-based coalition wants the Permanent Fund Corporation to drop all of its fossil fuel holdings
Walker wants to borrow money to pay $900 million in oil tax credits
The tax credits are scheduled to be paid off fully in 2025. Walker and the Department of Revenue are proposing paying them off by 2019 at a discount.
Credit rating agency sees a ‘clear path,’ as Alaska tries to balance its budget
In less than a year and a half, Alaska went from one of Moody’s highest rated states, to one of its lowest. But now, that’s changed.