Investment
Soared under ACES
Under our
former tax system—Alaska’s Clear and Equitable Share or ACES—oil industry
investment in Alaska increased to all-time highs. Capital investment grew by
nearly 70% in 7 years. This demonstates just how successful ACES was in
spurring investment in Alaska’s oil patch.
SB 21
lacks the incentives ACES had to boost investment in Alaska. It gives away
Alaskans’ wealth without any guarantee of increased investment, new jobs, or
more oil in the pipeline. Simply put, it's a bad business deal.
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