House Bill 287 began as a way to help small refineries–namely Petro Star, which operates two refineries.
However, it ends up the measure helps the state’s largest refinery Tesoro.
Democratic Senators label HB287 “This Year’s Giveaway.”
A measure approved by the Alaska Legislature would help small refineries to stay in business by providing tax credits and subsidies.
House Bill 287 was created with the intention of helping Petro Star stay in business. Petro Star, which is a subsidiary of the Arctic Slope Native Corporation and owns two refineries had asked for assistance from the state.
The measure came under attack by critics because it doesn’t limit the financial help to refineries in need, thus making the state’s largest refinery in Nikiski—which is owned by Tesoro—eligible for the financial benefits of the bill.
In fact, HB 287 earned the distinction of being named “This Year’s Giveaway” by the Democratic Senators.
In a press availability held shortly after the end of the legislative session, Governor Sean Parnell avoided mentioning the controversy, and instead focused on the need to keep Alaska’s small refineries viable…
Gov. Sean Parnell’s comments…
Governor Sean Parnell commenting on HB 287.