Video Clips

Quoted moments from Alaska public meetings, hearings, and press conferences.

Clips from Alaska State LegislatureClear

0:44

Nicholas Fulford

“these tax concessions have been offered for Canada and that it represents a competitive framework to consider”

SFIN-20260527-1330 · May 27, 2026

1:00

Nicholas Fulford

“when it comes to investment in LNG, you do have some very active and potentially competing projects just to the south, and, and that is probably going to be one of your considerations as you legislate around the project here in Alaska”

SFIN-20260527-1330 · May 27, 2026

0:49

Nicholas Fulford

“the first thing that happened was that the LNG project tax was revealed— repealed. Then in the run-up to FID, the depreciation mechanisms were accelerated by the federal government. There was a complete deferment of sales tax on the project while it was being built. So it wasn't a tax holiday, but it was a deferment of the nominal tax for 20 years.”

SFIN-20260527-1330 · May 27, 2026

0:31

Nicholas Fulford

“My favorite one to start with in the context of AK LNG is the Xyla Shims project, which is potentially a 12 million ton floating LNG project. Literally just a few hundred yards from the Alaskan border. And as it says on the slide there, as the crow flies, it's about 60 miles from Ketchikan.”

SFIN-20260527-1330 · May 27, 2026

0:24

Bert Stedman

“when we look at the Alaska corporate income tax rate, then could it be looked at an incentive to be a Subchapter S and not pay that?”

SFIN-20260527-1330 · May 27, 2026

0:55

Nicholas Fulford

“Canada shares with Alaska this geographic advantage of being able to deliver gas quickly and at low risk to markets in Asia”

SFIN-20260527-1330 · May 27, 2026

1:04

Nicholas Fulford

“it was really when the federal government decided that exports of LNG into the Pacific were a kind of a national— were of national importance, that they collaborated with the provincial government at a level which I think has never been seen before. So it became a kind of a three-way negotiation between the project developers, the provincial government, and the federal government. And that all came to a head in March 2018, and I would describe it as the last piece in the jigsaw which then enabled FID to be taken in October 2018.”

SFIN-20260527-1330 · May 27, 2026

0:19

Bert Stedman

“when we look at the midstream, which is the gas line, they pay a corporate income tax. There's Subchapter S, there's there is no corporate income tax, no tax in the state, and that's it, along with property tax.”

SFIN-20260527-1330 · May 27, 2026

1:10

Nicholas Fulford

“the optionality that would follow from S corp status and, and not having an obligation to pay corporate income tax in Alaska. Obviously that provides value to a potential investor”

SFIN-20260527-1330 · May 27, 2026

1:05

Nicholas Fulford

“the CO2 tax was also reduced quite substantially. It wasn't eliminated, but ultimately, as you can see on this slide, the, the final part in that kind of fiscal package was a natural gas credit which was applied to corporate income tax, provincial corporate income tax. So that, that reduced the provincial corporate income tax effectively from 12% to 9%, leaving a net 24% tax rate. So obviously if you compare that with the corporate and— sorry, the, the federal and state corporate income tax here, because federal tax is allowable, it comes to 28.4%”

SFIN-20260527-1330 · May 27, 2026

0:53

Bert Stedman

“one of the things, Mr. Chairman, we might want to think about is this issue of the rapid depreciation of the infrastructure and the incentive that brings to the table. And as I recall, Ronald Reagan did that to the real estate markets back when he was president and lit the real estate market, turned it around, lit it on fire”

SFIN-20260527-1330 · May 27, 2026

0:49

Nicholas Fulford

“within within the usual sort of constraints around confidentiality, that the BC government were able to see pretty well every detail of the economics of the project before they made those concessions”

SFIN-20260527-1330 · May 27, 2026

0:26

Nicholas Fulford

“tax rates on the midstream in the absence of income tax and other features would appear to be relatively light in Alaska without some kind of additional property tax or volumetric tax”

SFIN-20260527-1330 · May 27, 2026

1:25

Nicholas Fulford

“the legislature at the time, they were kind of looking at landed LNG prices in Japan, which probably about $15, $18 at the time, and they were looking at the wholesale gas value in British Columbia, which might have been a couple of dollars, and, and they're looking at that arbitrage and thinking, well, my goodness, that there's a huge amount of profit here to be captured, so we need to make sure that's taxed. So they introduced, um, an LNG project tax”

SFIN-20260527-1330 · May 27, 2026

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