The latest rewrite of a bill cutting taxes on oil companies is expected to bring down state revenue by more than $1 billion next year.
Energy & Mining
Senate Finance Committee produces new version of oil tax bill
Under the Senate finance committee’s substitute, companies would pay lower taxes on oil from the North Slope than they do on shale from the Eagle Ford formation in Texas, the Haynesville formation in Louisiana, or the Bakken formation in North Dakota.
Lawmakers meet with lobbyists in DC
While the legislature debates whether to cut taxes on oil companies, state lawmakers were in Washington, D.C last week– meeting with oil and gas lobbyists.
Alaska Railroad cutting over 50 jobs
Safety costs and weak coal market blamed for $45 million hit.
Sheffield stumps for instate gasline
Former Alaska Governor Bill Sheffield says it’s time for Alaska to build its own gas pipeline. Sheffield has been stumping the state on his own dime to promote the Alaska Stand Alone Pipeline – or ASAP. The acronym is appropriate, he says, because Alaska is on the threshold of an energy crisis and needs the…
The debate about oil taxes hits US Senate
While oil and gas companies are inching towards a new tax break in Juneau, they’re fighting to maintain their preferential tax treatment in Washington, D.C.