Exxon and Chevron have made major contributions to a campaign that wants to preserve a controversial oil tax law that passed this year, according to recent filings with the Alaska Public Offices Commission.
Exxon gave $350,000 to the group “Vote No On One” in December, matching contributions previously made by fellow North Slope producers BP and ConocoPhillips. Chevron, which has a smaller footprint in Alaska, gave $150,000.
“Vote No On One” was created in October. Their goal is to defeat a referendum that would repeal Gov. Sean Parnell’s signature oil tax system, which caps the rate at 35 percent per barrel and amounts to a tax cut when oil prices are high. The law’s supporters argue it will spur production on the North Slope, while critics have characterized it as a “giveaway” to industry.
So far, the oil industry has put $1.6 million toward fighting the tax referendum, and most of that money has been spent on advertising. Only one group from outside the oil industry has contributed to “Vote No on One” — the Greater Fairbanks Chamber of Commerce gave $10,000 to their campaign on December 20.
Referendum sponsors have not had the same financial success. “Vote Yes! Repeal the Giveaway” has taken $90,000 from small donors, and they spent most of their funds on their signature-gathering campaign.
The referendum is scheduled to appear on the August primary ballot.
- October 12, 2015- "It shows a place of ownership," said Dewey Hoffman with First Alaskans Institute. "Our smokehouse is a metaphor for our communities."
- October 12, 2015- In 2014, Churchill shared her introduction to weaving with an audience at KTOO. She’d been wary as a child, but as a young adult, took a class from her mother, master weaver Selina Peratrovich.
- October 12, 2015- Monday's small claims case between a trapper and a trap springer was supposed to last an hour, but after about two and half hours in District Court, it's stretching into a second day.
- October 12, 2015- Begich urged the young attendees to participate in their communities, to vote and to stay positive. He drew on his own life for illustration.