Alaska’s oil and gas trade association has launched a campaign against a Senate bill that would increase taxes on the industry as a way to help fill the state’s structural deficit.
Todd Griffith, president of ExxonMobil Alaska, speaks to the Senate Finance Committee in opposition to the Senate's proposed oil tax increase in Juneau on May 5, 2023.
The Senate Finance Committee held several hearings on the oil tax bill last week, but it did not advance for a full Senate vote. Anchorage Democratic Sen. Bill Wielechowski, who introduced the bill and has long called for the state to collect more revenue from its resources, said that the measure would be a “reasonable” tax increase. He said that was needed as the state has struggled to pay for essential services amid aThe Alaska Oil and Gas Association — a 14-member industry trade group — announced its staunch and unanimous opposition last week to all the provisions in the Senate’s bill.
Walt Bass, vice president of finance for ConocoPhillips Alaska, and Barry Romberg, vice president of commercial and business development at ConocoPhillips Alaska, speak in opposition to the Senate's proposed oil tax increase in Juneau on May 5, 2023
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