NEWS: Near Zero Value Nuna Oilfield Deal Challenged by Rep. Gara

Anchorage – Thursday, Representative Les Gara (D-Anchorage) asked the Parnell Administration to hold off on a controversial proposal for tens of millions of dollars in additional tax reductions on a North Slope oilfield. Last week Governor Parnell’s Commissioner of Natural Resources announced his proposal to reduce the 12.5% royalty on the Nuna oilfield by over 50%.

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Democrats Encouraged by Strong Interest in Alaska Oil Lease Sales; Robust bidding shows Alaska has much to offer new oil and gas producers

Today, House Minority Whip Berta Gardner (D-Anchorage), Representative Chis Tuck (D-Anchorage), and Representative Scott Kawasaki (D-Fairbanks) released the following statements after the state’s successful oil and gas lease sale this morning brought great interest from new and independent oil producers.

“The success of these sales is another positive sign that Alaska’s doing a lot right when it comes to developing our tremendous oil and gas resources,” said Rep. Gardner. “These new leases, new access to the west, and the record level of exploration expected on the Slope this season will go a long way toward generating jobs for Alaskans and oil for the pipeline.”

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