The Governor has been in Europe this past week, meeting with government officials and oil and gas representatives in Norway and Scotland. Gov. Parnell said the trip was timely, since the United Kingdom recently reformed its oil tax structure to bring on new production.The Governor’s office says that resulted in “substantially higher levels of investment.”
Gov. Parnell compared Alaska and SB 21 to the UK, saying: “have positioned Alaska for an oil production comeback by making our state more competitive. Alaska has already seen encouraging steps toward more production and new investment with recent announcements from Conoco and Repsol.”
The governor is scheduled to return to Alaska this week.