In May 2013, Senate Bill (SB) 21, the More Alaska Production Act, was signed into Alaska state law. The goal of the new law is to create a business-friendly tax structure to generate more oil production on Alaska’s North Slope. The tax change is already resulting in new production increasing investments.
There are efforts underway to repeal the new tax law, and the public will have an opportunity to decide during the primary election on August 19, 2014. ConocoPhillips hopes you’ll Vote No on 1, and keep the More Alaska Production Act in place for the long-term benefit of Alaska.
ConocoPhillips Alaska is a supporter of, and active participant in, the Vote No on 1 Campaign.
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