Alliance Members and Friends: As we enjoy our long summer days and our beautiful surroundings, we are well aware that in August and November we are facing state and national elections. Just 10 short years ago, on Aug. 19, 2014, the referendum to repeal SB 21, “An Act relating to the Oil and Gas Production Tax, Interest Rates on Overdue Taxes, and Tax Credits” was on the primary ballot. Many of you will remember that SB 21 reversed tax policy that had left Alaska’s oil and gas economy in the dust, while the rest of the world drilled, explored, developed and produced significant amounts of oil in a very high price environment. Fortunately, 10 years ago, Alaskans had the vision to reject the repeal — 99,855 of them voted “no.” Those 10 years of tax stability have created an investment friendly environment for our oil and gas industry and have led to projects like Willow and Pikka, hundreds of thousands of barrels of new oil, and thousands of jobs for our support industry family. Elections Matter. Though we aren’t facing any tax threats via ballot measure in our fall elections, we are facing threats at the state and national levels if we don’t elect the right people. At the national level, we will choose a President and a host of Senators and Congressmen. At the state level, all 40 House districts and 10 Senate districts will choose their representatives. There are clear differences between all the candidates. There are those who understand that oil and gas have fueled prosperity in this state since 1959 and will continue to do so for at least the next 50 years. And there are those who are calling for the phaseout of fossil fuels, even an aggressive phasedown of TAPS — turning their backs on always available energy for intermittent, not developed, or ready to use sources. There are two critical things I would ask you to do in this election: 1. Educate yourselves on who is helping our industry and who is hurting our industry; and 2. VOTE like your job depends on it — because it does. Remember, I am always here as a resource should you need more information on Government Affairs updates or Alaska’s political races, and which candidates stand up for our industry. Respectfully, Rebecca THE LINK: JULY 2024 8 It’s vital this election season to help protect our lifebloods Message From CEO Rebecca Logan
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