I agree with Phillip Wight in his op-ed regarding Hiicorp that appeared in the Nov. 12 edition of the Daily News. Hilcorp is owned by a Mr. Jeffery Hildebrand, an individual who will, if permitted, control both the Prudhoe Bay oil field and the trans-Alaska oil pipeline.
In 1999, when BP attempted to take over ARCO, a “Charter for Development” agreement was reached by all parties in which BP agreed to continue investing in Alaska, hiring Alaskans, cleaning-up any spills, maintaining the pipeline, etc. The Regulatory Commission of Alaska should now order a similar contract be drawn up between the state and Hilcorp, and it should also deny Hilcorp’s request to keep its financial records confidential. This is a very important moment in Alaska’s future.
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