Alaska Legislature Passes Oil Tax Reform Bill

Alaska’s legislature gives final approval to a bill designed to reform the state’s oil tax structure with significant tax cuts aimed to spur production and new investment. On April 14, 2013, Alaska’s Legislature passed Senate Bill 21, an oil-tax reform bill aimed to encourage industry production and investment.  The approval came on the final day...

U.S. and China Launch Joint Initiative to Fight Climate Change

U.S. and China have committed to take cooperative action to combat climate change using practical emissions reduction measures and low-carbon initiatives, setting a powerful example to the rest of the world. On April 13, 2013, the U.S. State Department announced the U.S. and China will launch a Climate Change Working Group, recognizing the need for...