Tim Bradner at Nikiski LNG Terminal, democrats propose new oil ownership scheme, Photo by Dave HarbourPeninsula Clarion (Morris News Service/Alaska Journal of Commerce), by Tim Bradner (NGP Photo, at Nikiski LNG Terminal).  

Minority Democrats in the Legislature unveiled their vision of an oil tax system should voters this summer roll back the tax structure lawmakers approved last year.

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Bill Wielechowski, alaska senate, oil equity ownership, democrat plan, photo by Dave harbour“There are (state) entities around the world that own a share of their oil industry (through state oil companies) and I have confidence that we have the ability to do this,” said Sen. Bill Wielechowski (NGP Photo).

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Les Gara, Alaska legislature, oil tax, ACES, oil equity ownership, Photo by Dave Harbour“The governor’s giveaway is a pathway to poverty,” said Rep. Les Gara, (NGP Photo), said in the press conference “He throws two billion dollars out of an airplane and hopes it lands in the piggy bank….”