Consumers are getting a raw deal with BP’s sale of the pipeline to Hilcorp, a private limited liability company (LLC) based out of Texas.For one, Hilcorp doesn’t have to reveal any of its finances. Jeff Hildebrand, Hilcorp chairman and founder, could be gambling away his company’s assets in Las Vegas right now and we’d have no way to know it. We can’t verify Hilcorp’s promises that there’s money in reserves in case something goes wrong. And plenty has gone wrong.
Hilcorp has an impressive track record of environmental mismanagement and unsafe working conditions. If they’re about to have a controlling share in the pipeline company that runs oil through Fairbanks down to Valdez and transports it through our waters, Alaskans need to know if Hilcorp intends to be accountable for their actions.
Right now, it looks like they need a little help with that. That’s why we, the Alaska Public Interest Research Group (AKPIRG), Alaska’s only nonprofit consumer advocate, is filing for intervener status in the Regulatory Commission’s approval process — and we’re also petitioning the Regulatory Commission to give us longer than 21 days to write comments about Alaska’s largest regulatory deal in a generation. You can learn more and submit a comment at www.akpirg.org/protect-our-economy.
— Veri di Suvero
Have something on your mind? Send to email@example.com or click here to submit via any web browser. Letters under 200 words have the best chance of being published. Writers should disclose any personal or professional connections with the subjects of their letters. Letters are edited for accuracy, clarity and length.