Our statewide initiative to repeal the ELF (economic limit
factor) tax breaks for the big North Slope oil producers was
approved last week. Alaskans now have their first real
opportunity to demand that politicians stop giving away our
resources to corporate special interests. We can now restore
the original deal made with the big oil producers, no more and
no less, for the oil that every Alaskan owns. We’re demanding
fair compensation for our resources.
Currently, our state receives less money for the oil pumped from
North Slope leases than the oil producers make in profits from
our oil. Elected officials should not be allowed to give away
our Alaskan oil wealth. This initiative addresses that problem.
Alaska is the owner-state and Alaskans need to enforce the
contracts made with the North Slope corporate operators. It’s
unfortunate that we continue to elect politicians who put
corporate profits before the rights of every Alaskan,
politicians who choose to increase taxes for Alaskans, deny
benefits to Alaskans, and give the proceeds to their corporate
special interests. Raiding the permanent fund earnings,
breaking of our contract with Alaska’s senior citizens by
terminating the longevity bonus, and increased taxes should
never have occurred, while corporate operators receive hundreds
of millions of dollars in tax breaks on top of billions of
dollars in wind-fall profits.
Stop this injustice and work for a brighter future for all
Alaskans. Article 8, Section 2 of the Alaskan Constitution
states that all natural resources shall be utilized for the
maximum benefit of all Alaskans, not corporate interests.
Support our initiative to restore just compensation for the
resources that all Alaskans own.
The message above and other services are provided free of charge through the
generous support of donated staff time and monetary contributions. If
you agree with our project please consider a donation in one form or another.
Alaska Voters Organization, Inc. is a 501 (c) (3) non-profit corporation and in
most cases your donations of cash or in kind are 100% tax deductible.
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99611-3293.
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