Alaska tax tempts Conoco to increase investments

摘要

Anchorage—ConocoPhillips will increase its investments on Alaska’s North Slope following the Legislature’s action to lower the state’s oil production tax, the president of the company’s Alaska subsidiary said April 17. Two other major producers, BP and Exxon- Mobil, said they are reevaluating projects, and that the tax change puts Alaska in a more favorable light.