Brennan: Budget problems worry industry

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A ConocoPhillips executive told the Alaska Support Industry Alliance the other day that his company is concerned about Alaska’s budget deficit and the possibility of new taxes on industry.

Speaking at a Fairbanks luncheon, Vice President of External Affairs and Transportation Scott Jepsen said his company is growing increasingly nervous about the state’s fiscal situation and measures our legislators might take to deal with the problem.

ConocoPhillips’ concerns are well-placed. The state has only a few places it traditionally looks to when a budget crunch is in the works — primarily its own savings accounts and new taxes on its largest industry, the oil and gas producers.

Brennan: Budget problems worry industry

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