An addendum to your story on the Willow Project is that Alaska R's, including our entire congressional delegation, strongly support and lobbied Biden for approval of the project. What is little known is that given Alaska's arcane and indefensible oil tax laws, Conoco Philips will actually receive more than $1 billion in tax credits on EXISTING oil fields in Alaska resulting in no revenue accruing to the state for about 10 years during development of Willow. On another note, Carol and I be in Tucson at the end of March. Hope to see the Morpholinos. We have reservations!
An addendum to your story on the Willow Project is that Alaska R's, including our entire congressional delegation, strongly support and lobbied Biden for approval of the project. What is little known is that given Alaska's arcane and indefensible oil tax laws, Conoco Philips will actually receive more than $1 billion in tax credits on EXISTING oil fields in Alaska resulting in no revenue accruing to the state for about 10 years during development of Willow. On another note, Carol and I be in Tucson at the end of March. Hope to see the Morpholinos. We have reservations!
Thanks for that info on Conoco's tax credits. Jayzuz. Looking forward to seeing you in March!