Video Clips
Quoted moments from Alaska public meetings, hearings, and press conferences.
Clips from Alaska State SenateClear
0:27
Mike Cronk
“the language is incomplete, untested, and poorly drafted. This proposal is incomplete and leaves major questions unanswered regarding entry-level treatment, apportionment, deductions, depreciation, loss carryforward, or as an investor taxation. Tax professionals from impacted parties agree the language is unworkable and would have chilling effects on the project's economics and the ability to attract investors.”Alaska Legislature: Senate Floor Session - June 19, 2026 2:15pm · Jun 19, 2026
0:21
Gary Stevens
“7 Yeas, 13 nays. And so by a vote of 7 yeas to 13 nays, Amendment 1 to Amendment 2 has failed to pass the Senate.”Alaska Legislature: Senate Floor Session - June 19, 2026 2:15pm · Jun 19, 2026
0:13
Mike Dunleavy
“We just had a record cold winter. We're running out of gas. Our bases are running out of gas. The world is in chaos.”Source · Jun 19, 2026
0:16
Mike Dunleavy
“this would be the largest non-recourse funded project ever, ever in Alaska. We've proven we can do big projects.”Source · Jun 19, 2026
0:38
Mike Dunleavy
“The Constitution doesn't say maximize revenue for government. It says manage your resources for the maximum benefit of the people.”Source · Jun 19, 2026
0:14
Mike Dunleavy
“this project could help with that and we wouldn't have to import gas. We could be self-sufficient for 60, 70 years.”Source · Jun 19, 2026
0:27
Mike Dunleavy
“Wasn't a perfect bill that came out, but it was a bill that was gonna work. This bill right now is not going to work.”Source · Jun 19, 2026
0:29
Mike Dunleavy
“I don't see where the plan B is imports, which is absolutely, I think most people would say, is crazy, to be honest with you.”Source · Jun 19, 2026
0:39
Mike Dunleavy
“the most, um, forward-leaning base in America protruding into the Arctic and the, and the Pacific with 200 trillion cubic feet of gas. They import gas from Canada to fuel their bases. I don't know, maybe it's just me, seems a little, little different, a little strange.”Source · Jun 19, 2026
0:27
Mike Dunleavy
“35 In the House. A number in the Senate, so the vast majority of legislators want to get stuff done, wanna get something done for the people of Alaska, not just something, but something good. We can do it tomorrow. If people are seriously interested in getting something done, it could be done tomorrow.”Source · Jun 19, 2026
0:25
Mike Dunleavy
“We didn't have the Russian War. We didn't have the Persian Gulf issue going on. We have that all here.”Source · Jun 19, 2026
0:29
Mike Dunleavy
“I've heard throughout the last couple months, we're rushing this thing, it's too big, let's slow it down, from many of the same people that just in the Senate were introducing amendment after amendment after amendment that nobody ever saw. So that kind of doesn't make much sense.”Source · Jun 19, 2026
0:35
Mike Dunleavy
“the Glenn Farm was working with labor to negotiate an MOA. And the bill ends up going into law negotiating labor in, in the bill. And so, uh, I don't think that's something that is going to work. Um, and then there's a number of restrictions and triggers, uh, added to the bill.”Source · Jun 19, 2026
0:34
Alexi Painter
“So assuming the capital costs match the DOR projections, then this would make no substantial change, but it doesn't require collecting capital cost data. So then this bill has a couple of new provisions that were not in the House version. So the first is that after 10 years after Phase 2 begins, there is an additional levy. So in addition to the 10.6 cents, there is another 10.6 cents $10.6 million. So essentially, the tax doubles at that point.”Alaska Legislature: Senate Finance - June 19, 2026 9:01am · Jun 19, 2026
1:03
Pete Eklund
“The most significant change is that the committee substitute in front of you does not use capital expenditures as a component of the tax rate or the collection of the tax. Instead, it returns to a single tax rate at each stage of the project. These rates were developed to match the effective tax rate under the House version of the bill based on the Department of Revenue's modeling of the bill. So during Phase 1, the committee substitute sets the tax rate at 6.2 cents per 1,000 cubic feet, which is a blend of the 6-cent tax on the pipeline and the other body's version, and the impact of the— we've been referring to a mini gas treatment plant, Mr. Chairman, that would be— have to be put in place in Phase 1.”Alaska Legislature: Senate Finance - June 19, 2026 9:01am · Jun 19, 2026
0:36
Alexi Painter
“In 2060, the tax will double again, so going from 21.2 cents to 42.4 cents. And then the additional amount of revenue raised by that, that tax increase will go entirely to the general fund as UGF revenue.”Alaska Legislature: Senate Finance - June 19, 2026 9:01am · Jun 19, 2026
0:42
Pete Eklund
“Replaces the previous component-weighted base tax, as I stated earlier, on throughput with a single tax rate on throughput of the project, applying to the entire project, escalating over time.”Alaska Legislature: Senate Finance - June 19, 2026 9:01am · Jun 19, 2026
0:22
Alexi Painter
“Then that would double, so 4.8 mills, and then double again to 9.6 mills. Of course, property value is not going to be fixed over the life of the project. So it is possible that after 30 years, the project will be worth less because it will be 30 years old or they will have done work and the value will go up. It removes that variable.”Alaska Legislature: Senate Finance - June 19, 2026 9:01am · Jun 19, 2026
0:06
Pete Eklund
“These changes are intended to make the tax easier to understand and much easier to administer.”Alaska Legislature: Senate Finance - June 19, 2026 9:01am · Jun 19, 2026
0:50
Pete Eklund
“it adds a new potential termination of the abatement period and the alternative volumetric tax if a final investment decision is not reached by January 1st, 2028, and if construction of the pipeline component is not completed by December 31st, 2032.”Alaska Legislature: Senate Finance - June 19, 2026 9:01am · Jun 19, 2026
0:34
Alexi Painter
“This initial tax will be— will go through the distribution in Box B. So this provides 48.4% of the tax to Kenai Peninsula Borough, 27% for the North Slope Borough, 9.5% by pipeline mileage. That again includes both of those local governments, but also others in the state. 9.5% To community assistance, and then 5.6% to the state as general fund revenue. And these amounts are again the approximate result of the House version of this bill, just without the weighting.”Alaska Legislature: Senate Finance - June 19, 2026 9:01am · Jun 19, 2026
0:17
Alexi Painter
“Starting in Phase 2, the tax rate is 10.6 cents per 1,000 cubic feet. This is the same as the effective tax rate as modeled by DOR under the House version.”Alaska Legislature: Senate Finance - June 19, 2026 9:01am · Jun 19, 2026
0:26
Alexi Painter
“The other body's version, rather than this, in 2060 had a sunset that returned to the mill rate formula. Instead, this keeps the AVT but at a higher rate. And so again, those earlier shares continue, but as the taxes increase, the increased amount goes to a different place.”Alaska Legislature: Senate Finance - June 19, 2026 9:01am · Jun 19, 2026
0:10
Lyman Hoffman
“This morning we have only one item on today's agenda, that being HB 381, oil and gas property tax and municipal tax.”Alaska Legislature: Senate Finance - June 19, 2026 9:01am · Jun 19, 2026
0:26
Alexi Painter
“So 6% goes off the top to North Slope Borough because that'll be the location of the mini gas treatment plant. And then the remaining revenue is split equally to municipalities by pipeline mileage. And then to community assistance.”Alaska Legislature: Senate Finance - June 19, 2026 9:01am · Jun 19, 2026
0:45
Alexi Painter
“Starting when this tax takes effect, which would be 5 years after Phase 1 first gas or 500 million per day average throughput. All tax rates grow at a rate equaling CPI, but not less than 1% and not more than 3%.”Alaska Legislature: Senate Finance - June 19, 2026 9:01am · Jun 19, 2026
0:51
James Kaufman
“Financing, because it leaves open the problem that one— one problem that pops up could possibly threaten that, and that is going to make it very hard for anyone that's going to finance this to consider that, because any force majeure— I don't know if that's covered here— a pandemic, something, an earthquake or whatever, could put them in jeopardy. And so I think And AGDC is right here in the room, but we are told that we have to take them at ease. We can't even bring them up to speak to potential concerns that might be in this piece of work”Alaska Legislature: Senate Finance - June 19, 2026 9:01am · Jun 19, 2026
0:33
Lyman Hoffman
“Our intent is to get action on all of these points. And that is the dilemma that we're facing. We've had extensive dialogue with the administration to date. And at some point, we need to proceed down the path of getting a bill across the floor.”Alaska Legislature: Senate Finance - June 19, 2026 9:01am · Jun 19, 2026
0:34
Bert Stedman
“there has been a lot of dialogue with the administration, AGDC, and members here, and the other legislation that's been circulating around the building, trying to come up with something that focuses on getting to a gas line and not an obstacle to block construction of the gas line.”Alaska Legislature: Senate Finance - June 19, 2026 9:01am · Jun 19, 2026
0:40
Bert Stedman
“I think if they meet the previous date of final investment decision by January 1st of '28 and start construction, I think there'd be probably be some flexibility by the legislature in the event that there was some unforeseen black swan events or something that messed up the construction, slowed it down intentionally, or whatever to, you know, we can change these and modify these going forward. This is not in the Constitution.”Alaska Legislature: Senate Finance - June 19, 2026 9:01am · Jun 19, 2026
0:54
Pete Eklund
“the tax abatement and the AVT do not apply to a natural gas project if by January 1st, 2028, a final investment decision has not been made on Phase 1 of a natural gas project, or number 2 there, on December 31st, right, or by December 31st, 2032, construction of a gas pipeline associated with Phase 1 of the natural gas project has not been completed. So you have to come into FID by January 1st, '28, and complete Phase 1 by December 31st, 2032.”Alaska Legislature: Senate Finance - June 19, 2026 9:01am · Jun 19, 2026
0:17
Jesse Kiehl
“So if the project's components end up costing a whole lot more than that, retaining some of that value, the mill equivalent will be lower and that will just be lower, right?”Alaska Legislature: Senate Finance - June 19, 2026 9:01am · Jun 19, 2026
0:10
Jesse Kiehl
“This is a straight fixed cents per 1,000 cubic feet regardless of the value?”Alaska Legislature: Senate Finance - June 19, 2026 9:01am · Jun 19, 2026
0:41
Pete Eklund
“Note, all these tax rates grow with inflation, bounded between 1% and 3%. And that is a change from the other body's version where the inflation was capped at growing at 1 to 2%. The split of the tax between the local governments and the state is also fixed in this committee substitute rather than depending on capital expenditures. The splits are designed to match the effect of the House version as modeled on slide 42 of Department of Revenue's presentation last Monday.”Alaska Legislature: Senate Finance - June 19, 2026 9:01am · Jun 19, 2026