Reason #6 to Repeal: It’s a massive giveaway of our wealth with no strings attached.

Billions -- For What?

SB 21 will cost Alaskans an estimated $4.5 billion in the first 5 years alone - and this number could be much higher depending on the price of oil. After that, billions more will be given to the most profitable corporations in the world - with no strings attached. Alaskans are not guaranteed anything in return – no increased production, no more jobs, no more investment. If oil prices increase, the loss to Alaskans will grow ever steeper, up to $2 to $3 billion per year. This is money we could invest in roads, schools, growing our Permanent Fund, more affordable energy, public safety … you name it.