ANCHORAGE, Alaska — An Anchorage lawmaker is crying foul after a recent court decision exposed two different figures BP has used in determining how long the pipeline can operate.
Sen. Hollis French says BP has told the public and lawmakers the pipeline would not be able to operate below 300,000 barrels per day, and that was part of their pitch for lowering oil taxes to spur development.
French has been against recent efforts to lower taxes on North Slope producers.
A ruling by Judge Sharon Gleason over a property tax dispute between the Trans-Alaska Pipeline System and municipalities it runs through brought to light at 2004 study commissioned by BP that says the pipeline could actually operate down to only 135,000 barrels per day. According to French it’s a figure BP only shared with the Securities and Exchange Commission.
According to Gleason’s ruling the pipeline could actually operate with as low as only 70,000 barrels per day.