Trans-Alaska Pipeline System rate. In the Fairbanks North Star Borough, for example, pipeline owners paid $9.2 million in property taxes—approximately 10 percent of all property taxes paid in the borough. The enormous amount of public revenue created by the pipeline provoked debates about what to do with the windfall. The record $900 million created by the Prudhoe Bay oil lease sale took place at a time when the entire state budget was less than $118 million, yet the entire amount created by the sale was used up by 1975. Taxes on the pipeline and oil carried by it promised to bring even more
Construction of the Trans-Alaska Pipeline System cost $1.4 billion. The percentage of the pipeline owned by various companies has changed over time, but as of 2009, the primary owner was BP, which controls 46.93 percent of the pipeline. Second is ConocoPhillips Transportation Alaska Inc. with 28.29 percent, followed in order by ExxonMobil (20.34 percent), Koch Alaska Pipeline Company (3.08 percent), and Unocal Pipeline Company (1.36 percent). The pipeline also has had a human toll. Thirty-two Alyeska or contract workers were killed during the construction project. That figure does not include common carrier fatalities. Since the pipeline began operating in 1977, 10 people have been killed while