State wants dismissal of lawsuit challenging bonding proposal to pay oil tax credit obligations
Becky Bohrer, AP, October 1, 2018
A judge said Monday that he wants both sides to submit additional briefs before deciding whether to dismiss a lawsuit challenging the constitutionality of Gov. Bill Walker’s plan to pay Alaska’s oil and gas tax credit obligations. The state wants the case brought by Juneau resident Eric Forrer to be dismissed. Superior Court Judge Jude Pate said a decision probably would not be made until early November. The Legislature earlier this year passed a bill, proposed by Walker, to establish a new state corporation that would be empowered to sell up to $1 billion in bonds to pay off the state’s remaining tax credit obligations. Lawmakers had previously voted to end the tax credit program, which had been geared toward small producers and developers, because they said it had become unaffordable.
Our Take: When the state’s AG argues that paying the tax credits from bonds that have been issued is “subject to appropriation”, AKHEADLAMP gets a chill up their spine. Instability is the enemy of investment.
House lawmakers sent a letter Monday to the environmental group Earthjustice demanding documents regarding its ties to foreign officials and environmental activists, The Daily Caller News Foundation has learned. The letter from top Republicans on the House Committee on Natural Resources is the fourth sent to environmental groups over their ties to foreign governments. It’s the second letter related to environmental opposition to the U.S. military presence in Okinawa, Japan. Lawmakers say Earthjustice’s political activities may require them to register as a foreign agent, according to a copy of the letter obtained by the DCNF. Earthjustice is an environmental law firm often represents environmental activists in litigation.
Our Take: Three strikes and your out? How many environmental groups with ties to foreign nations have to be exposed before we say STOP IT?
A sampling of what people are saying about Trump’s Trade deal:
Oil and gas industry praises Trump’s new NAFTA deal
Josh Siegel, The Washington Examiner, October 1, 2018
Trump’s new trade deal is better for workers than NAFTA was
Alexia Fernandez Campbell, Vox, October 2, 2018
Here are some key differences between Trump’s new trade deal and NAFTA
John Schoen, CNBC, October 1, 2018
Trump Renames NAFTA, But What’s So Great About New Trade Deal
Kenneth Rapoza, Forbes, October 2, 2018
From Politico’s Morning Energy, Darrius Dixon, October 2, 2018:
CATCH ME IF YOU CAN: Major oil and natural gas companies are open to regional collective monitoring for methane emissions to help smaller companies cut back on waste, BP executives said at a meeting with reporters Monday. The industry is split between BP, ExxonMobil and other leading companies that have sophisticated — and relatively expensive — emissions measurement technology and a host of smaller, independent companies that do not. The larger companies, via organizations like the Oil and Gas Innovation Center, can help invest in projects that could monitor where leaks are coming from in the Permian Basin and other areas with heavy drilling activity, and even “fingerprint” the gas to analyze which company is responsible, said Gordon Birrell, BP’s chief operating officer for production, on the sidelines of a symposium at the Center for Strategic and International Studies. “It makes sense for us and others,” Birrell said. “Collaboration in this space is something we’re up for.”
It’s not simple altruism: Companies want to keep natural gas in the conversation as countries in Europe mull how to meet their Paris Accord targets, and U.S. states look at low- to zero-emission energy sources. Countries in Europe are also weighing whether to add a “carbon intensity” price to gas imports. “The risk is stakeholders and customers lose confidence in natural gas as a product for the long term,” Birrell said. “That’s the big risk if we don’t go after this very quickly.”