JANUARY 17 2008

Lt. Governor Folsom: Exxon Must Pay Their Fair Share
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Lt. Governor Folsom: Exxon Must Pay Their
Fair Share
by Jim Folsom, Jr.,Lieutenant Governor on ALDEMS Blog

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The taxes Exxon pays – or should have paid – go to the General
Fund, which funds agencies like Medicaid, Public Safety and
Corrections, and countless other agencies of state government that
touch the lives of Alabamians every day.  This Court’s decision will
have a devastating impact on funding for nursing home care, health
care, and prescription drugs for thousands of Alabamians, as well as
additional state troopers and other steps to keep our state safe.

The crux of the case against Exxon was that they were manipulating
their costs of producing oil and gas from Alabama reserves with
questionable expenses. Behavior like this is wrong.

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Vacating the $3.5 Billion fine for
Exxon Mobile will cost Alabama
millions in health care, prescription
drugs and additional state troopers.

ExxonMobile Oil Platform (Alpha
Beryl)