Alaska Senate Bill Boosts LNG Project Oversight
Anchorage News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Alaska State Senator Cathy Giessel introduces the Alaska Gasline Transparency and Accountability Act, aiming to update laws and ensure fair value from North Slope natural gas. The bill, Senate Bill 275, seeks transparency by allowing lawmakers to view private cost estimates and demands details on major investors and buyers. It also bars deals with foreign entities without approval and adjusts oil and gas taxes. Supporters argue it protects Alaskans from bad deals, while critics worry it could scare off investors. The bill is set for further hearings as Glenfarne reviews it and Governor Mike Dunleavy plans to propose a ninety percent cut for the project.
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