Alaska will go broke for a long time
We're already there

 and the Trans Alaska Pipeline will shut down.
No, no it won't

This will cause the state to lose 90% of it’s funding and no wise oil companies will do any meaningful business with the state of Alaska because of it’s bait and switch tactics that will harm its reputation for decades!!
Not happening

Alaska has many undiscovered huge oil fields but if HB 247 is made law they may never be found or produce and the all other depleted fields will run dry and Alaska economy will die!!
If they're undiscovered, how do you know they're there? Are you sitting on seismic data that no one else knows about?