The plan was introduced by Gov. Sean Parnell, and it comes in response to the closure of the Flint Hills oil refinery. It originally applied to the Petro Star refineries in Valdez and North Pole and the Tesoro refinery in Kenai, but was amended yesterday to include the shuttered Agrium fertilizer plant in Nikiski.
The bill allows each of those facilities to secure an tax credit or payment of $10 million a year if they spend $25 million on tangible assets.
Supporters of the bill argue it’s necessary to keep the refineries running because of the jobs they provide and their importance to the state’s military bases. But some Democrats have characterized the bill as a bailout, and they unsuccessfully tried amending the bill so that the money would be given out as loans instead.
The bill passed today on a 35-5 vote. Anchorage Democrats Les Gara, Harriet Drummond, and Andy Josephson opposed the bill, along with Juneau Democrat Sam Kito III and Eagle River Republican Lora Reinbold. It still needs to be approved by the Senate.
- Andy Larson, 79, and Matthew Hanes, 32, hoisted from S/V Rafiki about 170 miles south of Sand Point early Wednesday.
- The company that sent the first big luxury cruise ship through U.S. and Canadian Arctic waters is preparing the Crystal Serenity for a repeat performance in 2017. But one expert believes this year’s historic transit doesn’t mean the Arctic is likely to become a hotspot for global shipping anytime soon.
- Federal fisheries oversight required in some busy Alaska salmon fisheries
- With U.S. Senator Dan Sullivan’s help, the Water Resources Development Act has passed the U.S. Senate, inching Nome closer to the possibility of an Arctic deep draft port. The act will bring $1.4 billion dollars to new water infrastructure over the next five years.