JUNEAU – Senator Wielechowski (D-Anchorage) introduced Senate Bill 206, repealing the per barrel tax credits established in 2014 under SB 21. Under current statute, a producer is eligible for up to $8 in tax deductions for each barrel of extracted oil depending on certain conditions, such as the market price of oil. “Recent SEC filings […]
Juneau – A recent report from the Department of Revenue shows the state is losing more than a half billion dollars in annual revenue by not enacting the modest 25% tax on oil company profits passed by the House last year. Today, Representative Les Gara (D-Anchorage) released the following statement regarding the role oil taxes […]
Even as the Trump administration is working to open more and more federal lands up for oil and natural gas exploration, the Interior Department is aiming at rolling back Obama administration rules restricting harmful methane emissions from oil and gas exploration on those lands. The rollback to the rules is being published in the Federal […]
ANCHORAGE – Conservation and environmental groups filed a lawsuit Thursday to protect the nation’s largest public lands reserve from oil and gas industrialization. The Trump Administration’s plans for a dramatic and reckless increase in oil and gas drilling in the Western Arctic would threaten core wildlife values and accelerate the impacts of global climate change, […]