More than $17M raised among groups in Alaska oil tax fight

ANCHORAGE, Alaska (AP) — The amount of donations to a fight over an Alaska oil tax ballot initiative has exceeded $17 million, with the vast majority contributed by big oil companies opposed to a tax increase.

OneAlaska, the opposition group to the proposed Fair Share act, reported raising $15.4 million as of Friday, The Anchorage Daily News reported.

Most of the opposition money has come from Alaska’s top oil producers, ConocoPhillips Co., ExxonMobil Corp. and Hilcorp Alaska LLC, the three companies that would face tax increases under the act.

ConocoPhillips and Hilcorp donated another $1.5 m...