Senate Votes to Give Big Oil Billions
Here’s your highlight reel from the Senate oil tax debate. Late Wednesday night the Alaska State Senate voted 11-9 to give billions from the state treasury to the oil industry. A 10-10 vote would have killed the bill. Amendments and debate took all day, and went well into the night. The bottom line is that the senate voted to give away the farm, in exchange for nothing. No increased promise of production, exploration, or jobs. It might incentivize them to do something though. Magically. If we’re lucky. That’s the argument of the 11 Senators who voted for this historically bad…
A Letter to the Legislature
The Alaska State Senate is about to reconvene on the matter of the governor’s oil tax giveaway. Earlier in the day a series of amendments from Democratic legislators was shot down by the Republican controlled body. As we prepare for a potential final vote in the Senate, a letter to the legislature was sent from former First Lady Bella Hammond, and a series of former legislators and political leaders in the state. March 20, 2013 Dear Senate President Huggins, Speaker Chenault, and Members of the State Legislature, We are writing with respect to Senate Bill 21 and proposed changes to…
Sen. Calls Oil Giveaway “Crapshoot”
Senator Kevin Meyer conceded that it is not known whether Senate Bill 21 will actually lead to significant oil production increases, despite a giveaway of billions of dollars from state coffers. “Realistically, we all would expect new oil,” Meyer said. But he added, “It’s kind of a crapshoot. You really don’t know, and the industry certainly isn’t going to say one way or the other, because you know their motivation is to try to keep the rates down as low as they can.” A billion dollar a year crapshoot! Yay! Anyone want to play? I didn’t think so. Oh, and…
Oil Taxes on the Table Monday
This is it, everyone. It all comes down to this weekend. The Senate is likely to vote on the historic oil wealth giveaway this Monday. It is time to stand up for Alaska’s future. You have homework. Alaska owns its oil. That means YOU own YOUR oil, and the wealth it provides your state. Where you put your money is squarely where your values are. Do you want money for schools, for roads, for infrastructure and for jobs, or do you want your money to fill the bulging pockets of the wealthiest multinational corporations in the history of the world?…