Help Alaska Grow
Alaska’s Oil Industry: A Foundation for Growth
Alaska’s oil and gas industry is creating opportunities for Alaskans and fueling the state’s economy. With billions of dollars invested in new development projects, hiring is booming and small contractors are busier than ever. With federal energy policies improving, the future looks bright for Alaska.
~70,000 Jobs
Alaska's oil and gas industry
supports nearly 70,000 jobs, including direct employment in the industry and supporting roles.
$3.5 Billion
in State & Local Revenue
In 2023, the oil and gas industry contributed $3.5 billion in taxes and royalties to Alaska's state and local governments. This made it the largest private sector source of revenue for the state.
$4.6 Billion in Private Sector Spending
Oil and gas companies spent billions with local vendors, supporting over 1,000 Alaskan businesses.
More Oil = More Jobs, Revenue,
and a Bigger Permanent Fund
Increased oil production means more money circulating in Alaska’s economy. With over $14 billion expected to be spent on new projects by 2028, Alaska is poised for significant growth.
These projects are projected to:
Create 2,700 new jobs
Add $215 million in wages to the economy
Contribute $1 billion+ to the Permanent Fund since 2022
Supporting Local Communities
The oil and gas industry is more than just numbers—it’s about people. From creating jobs to supporting small businesses, the industry is a backbone of Alaska’s economy. Every dollar spent by the industry benefits local vendors, contractors, and families across the state.
Senate Bill 92
Targeted, discriminatory and retroactive tax
Undermines investor confidence in Alaska’s fiscal stability
Creates additional uncertainty in Alaska’s oil and gas industry
No comprehensive modeling or analysis has been done to understand its impact
Setting aside SB 92 will allow the industry to continue contributing to Alaska's growth through investment and job creation.
Bad Legislation for Alaska:
Senate Bill 112
Increases production taxes which makes the cost of producing oil in Alaska even higher
Significantly worsens project economics, making Alaska less competitive
Disproportionally harms new oil fields
Adds significant complexity and ambiguity into an already complex tax system
SB 112 would harm Alaska's ability to attract investment, grow production, and secure long-term economic benefits.
Urge your Legislators to reject SB 92 and SB 112. Alaska must maintain a competitive and stable fiscal environment so industry can continue contributing to Alaska's growth through investment and job creation.
Why It Matters
The oil and gas industry is critical to Alaska’s economy. It provides good-paying jobs, supports local businesses, and funds essential services. Together, we can protect this vital industry and help Alaska grow.
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Together, we can ensure a future for Alaska for generations to come.