As lawmakers in Juneau consider changes to the state’s oil tax credit system, they’re facing stiff opposition from oil companies. Several industry representatives testified before lawmakers this week. Those representatives are calling the changes proposed in House Bill 111 a tax increase. And they also say it could affect their investment decisions.
"oil industry"
Oil on exhibit: What Alaska’s past says about its future
The State Library, Archives and Museum opened recently in Juneau with a new display that includes a piece of the trans-Alaska pipeline as part of an exhibit on the oil industry. But the drama of the state’s current fiscal crisis puts that history in a new light.
Video: Tom Walsh is confident things will turn around in Alaska’s oil industry
Alaska has lost more than 2,000 jobs in the oil and gas industry since last year, as the state faces its first real recession in nearly three decades. Tom Walsh is a founding partner of Petrotechnical Resources Alaska, an oil and gas consulting firm.
From the oil patch to oil & vinegar
Rachel Mills went from being a botanist for an oil and gas contractor, to managing Urban Greens. She’s part of a wave of Alaskans who have lost work in the last year, as the state has seen its first real dip in jobs in nearly three decades.