–Tax proposal could cost Alaska up to $4.6 billion through fiscal year 2019 –Effort is under way to let voters decide whether to keep or repeal huge oil company tax cuts
03 Jun 2013
oil towerBP Alaska plans to bring two new drill rigs to the North Slope by 2016, part of an additional $1 billion investment the company envisions over the next five years following the state’s rollback of oil production taxes. BP is the second of the North Slope’s three major players, after ConocoPhillips, to announce plans following passage of the tax overhaul that was signed into law by Gov. Sean Parnell (R-Nutjob) last month. Exxon Mobil Corp. hasn’t made its intentions public. Besides the new drill rigs, the company said it has the support of the other working-interest owners of Prudhoe Bay, ConocoPhillips and Exxon, to start evaluating an additional $3 billion in projects on the western end of the Prudhoe. [The petitions aren’t working, folks. We need an actual *insurgency* to eliminate these corporate parasites. –LRP]