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The provision to increase taxes on the operator of Prudhoe Bay was removed after a fierce lobbying campaign.
The bills before the Legislature are intended to facilitate the delivery of lower-cost power between Homer and Fairbanks, and integrate more renewable energy into the Railbelt’s electric grid.
Removing all the offshore oil infrastructure from Cook Inlet could cost $1 billion. But some platforms have sat idle for decades, as inspectors say they’re in an “advanced state of disrepair.”
The Texas-based company warned utilities that a tax hike “would likely mean significantly shifting our capital investment.” But supporters say it would provide much-needed state revenue.
The Legislature did not have an oil and gas consultant under contract until April, which could stall some energy bills.
The city seeks the disclosure in an effort to ensure that the operator of Alaska’s largest oil field has the financial wherewithal to, for example, clean up a major oil spill.
She recently supported one controversial Alaska mining project and took steps to reject another, creating a mix of reactions. She also unexpectedly pulled her support for a pro-drilling bill for Alaska.
The request comes as lawmakers raise concerns about the struggling $44 billion project, including the high salaries of the executives in charge.
Exxon downplayed Paris agreement climate targets, according to documents, while others privately were skeptical of achieving their “net zero” commitments.
The funding boost for solar comes as legislators try to address a looming shortfall of Cook Inlet gas.
Members of Alaska’s congressional delegation and trade associations blasted the move as harmful to Alaska’s economy.
The bipartisan 32-8 vote sends House Bill 50, backed by Gov. Mike Dunleavy, to the Senate for further work.
Todd Lindley and Dan Rogers are running for seats held by Chair Sam Cason and board member Mark Wiggin.
The Alaska House of Representatives is set to vote for House Bill 50 on Wednesday, sending it to the Senate
The department finalized a rule requiring oil companies to pay more for drilling on public lands, a move aimed at saving taxpayers money.
The initiative, set to be finalized within days, marks one of the most sweeping efforts yet by Biden to limit oil and gas exploration on federal lands.
Utilities are facing a “massive time crunch” to make contract decisions as a shortfall of Cook Inlet gas looms.
A Biden administration decision about how the Arctic National Wildlife Refuge oil-development program should proceed is expected in the third quarter of this year, according to a document filed in federal court on Friday.
Both companies are building major projects, and senior officials told an industry audience that the future is bright for new oil development in Arctic Alaska.
A three-judge panel of the 9th U.S. Circuit Court of Appeals declined Tuesday to halt significant amounts of oil and gas work on and near Alaska’s Beaufort Sea coast despite concluding that the U.S. Fish and Wildlife Service erred when it granted permission for oil companies to harass nearby polar bears.
In January, when the temperature in Kotzebue dropped to minus 30 and below, multiple residents noticed that Vitus fuel thickened, clogged filters and stopped flowing through the heating systems.
Achieving 76% renewable power by 2040 would be an optimal scenario, the analysis found.
Tens of millions of dollars from the 2021 federal infrastructure bill will fund a four-year clean energy project in a region of Alaska that has some of the nation’s highest fuel prices.