Demand That Your Representatives Slow Down and Do Their Job: Protect Alaskans First, Not Corporate Profits.
For 50 years, Alaska has poured nearly $1 billion into failed gas pipeline schemes. Now, state leaders are pushing the same costly mistakes again with the latest AK LNG proposal, risking more of our money and our future.
How can lawmakers protect Alaskans when they don’t have the facts? For more than a year, your legislators have demanded crucial details about the true costs and potential taxpayer risks if this project fails. The Dunleavy administration, Glenfarne, and AGDC have refused to provide answers. This secrecy puts us all at risk.
Just last week, the Alaska Beacon revealed a confidential draft analysis showing that if this risky deal falls apart, Alaskans could be forced to pay to buy back a project that Glenfarne was handed 75% of, for free. This is unacceptable. Our state should not foot the bill for corporate giveaways and secret deals.
Right now, lawmakers are considering handing out massive property and corporate income tax breaks to the AK LNG project. A final vote could come in early July. This is a crucial time to talk to your legislators and make your voice heard. They work for you, not for Glenfarne or the AGDC board. If you oppose this giveaway, tell them now: Alaskans deserve answers before a single dollar or tax break is approved.
Alaska faces a financial crisis. Our legislators are considering handing away our borough’s taxing power for empty promises that may never lower our energy bills, and could raise them. Glenfarne wants to pay almost nothing in property taxes, depriving our communities of the funds that keep roads safe, schools open, and emergency services running. With 10,000 workers flooding in, many from out of state, local services could be overwhelmed, and the true costs will fall on us, not the corporations. Why should Alaskans bear the burden while Glenfarne gets a free ride?
Alaskans and their local taxes would subsidize Glenfarne’s export infrastructure, while Glenfarne avoids paying their fair share. Thanks to a loophole in our tax code, S-corporations like Glenfarne and Hilcorp pay nothing in state corporate income tax. They expect our public services to bear the burden of their construction activity,, but refuse to share the profits. This is corporate welfare, plain and simple.
Investors and lenders won’t fund AK LNG without a full cost analysis; why should Alaskans give away tax breaks without the same transparency? Are we really ready to take on more risk, higher energy costs, and more giveaways to Outside corporations, while accelerating the climate crisis?
Legislators cannot protect Alaskans from massive financial risks if they are forced to vote without the facts. Rushing this process is reckless. Demand that your representatives slow down and do their job: protect Alaskans first, not corporate profits.
If you oppose secret backdoor deals and corporate handouts, now is the time to speak up. Call your state representatives today and demand real answers before any more tax breaks are considered. Tell them to insist on transparency, put Alaskans first, and vote NO on these giveaways. Together, we can stop this reckless legislation.
Learn more at inletkeeper.org/aklng