The provision to increase taxes on the operator of Prudhoe Bay was removed after a fierce lobbying campaign.
A sign for Hilcorp Alaska is seen on an office building in Midtown Anchorage on Thursday, March 30, 2023.
The Senate Finance Committee on Wednesday unveiled a new version of the carbon sequestration bill before an assembled audience of oil industry allies and representatives. The Hilcorp provision was gone. Sen. Bill Wielechowski, D-Anchorage, said he was not surprised the provision had been stripped out. He said the threats made by Hilcorp about Cook Inlet’s natural gas supply were “intimidation.”“It’s outrageous what they’re doing,” Wielechowski said Monday. “Holding Alaskans hostage for their corporate tax breaks.”
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