Calista Switches Endorsement To Dunleavy After Walker Drops Out Of Governor’s Race
Anna Rose MacArthur, KYUK, October 24, 2018
Calista Regional Native Corporation has endorsed Republican Mike Dunleavy’s bid for governor, and his support for Calista’s proposed Donlin Gold mine was key to earning the corporation’s backing. The Calista Public Advocacy and Engagement Committee had initially endorsed Independent Gov. Bill Walker for re-election. On Friday, Gov. Walker announced that he was dropping out of the competition to prevent a three-way race and to keep Republican Mike Dunleavy from power. The next day, the Calista committee switched its endorsement to Dunleavy. The committee largely based its decision on the candidate’s opposition to Ballot Measure 1 and his support for developing the proposed Donlin Gold mine.
Oil Majors Win Big In New NAFTA Deal
Vanand Meliksetian, OilPrice.Com, October 23, 2018
President Donald Trump’s election shook the foundations of America’s alliance with two of its most important allies and trading partners: Canada and Mexico. His campaign promise to build a wall on the southern border of the U.S. and his tense relationship with Prime Minister Justin Trudeau, made renegotiating NAFTA a particularly difficult task. The U.S. had a clear advantage in negotiations due to its economic and political significance on the global stage. Trump’s preference for bilateral instead of multilateral deals increased pressure on the NAFTA signatories. Therefore, when Mexico signed a revised NAFTA or USMCA, Canada had no choice but to follow suit. Big oil, however, seems to be the real winner in this geopolitical battle.
Saudi Arabia Ready to Invest $5bn in Arctic LNG 2: Report
Shardul Sharma, Natural Gas News, October 24, 2018
Saudi Arabia is ready to invest $5bn in Novatek’s Arctic LNG 2 project, the head of Russian Direct Investment Fund (RDIF), Kirill Dmitriev, said at the Saudi Arabian investment forum October 23, according to RT. Earlier this month Novatek CFO and deputy chairman, Mark Gyetvay, told the Oil & Money conference in London that Saudi Aramco was among those companies that have visited the data room for the planned Arctic LNG 2 project. Eight months ago Saudi Aramco and Novatek signed a memorandum of understanding that included possible LNG co-operation. Last week Saudi energy minister, Khalid Al-Falih, who was speaking at the India Energy Forum hosted by CERAWeek in Delhi, said that Saudi Aramco is open to the idea of marketing some LNG from the proposed Arctic project into India and other markets.
The Future of Arctic Shipping
Yaryana Serkez, Renee Rigdon and Costas Paris, The Wall Street Journal, October 24, 2018
As Arctic ice melts, the Northern Sea Route will stay navigable for longer periods, a result that could drastically change international trade and shipping. In February, China announced its “Polar Silk Road” plan that encourages Chinese companies to build infrastructure and conduct commercial trial voyages in the Arctic. By 2030, Russia plans to invest billions of dollars to develop infrastructure along the Northern Sea Route to facilitate ships traveling from Asia to Europe. The Northern Sea Route cuts sailing time by an average of 10 days compared with travel via the Suez Canal, but it is still a risky endeavor because of shallow waters, the unpredictability of ice coverage and high costs.
From the Washington Examiner, Daily on Energy:
KIDS FACE ‘LONG SHOT’ IN CLIMATE LAWSUIT AGAINST THE GOVERNMENT: By pausing a landmark lawsuit filed by children who want to force the federal government to act against climate change this past weekend, Supreme Court Chief Justice John Roberts signaled that it’s a long shot to succeed.
Roberts’ decision is a sign that the high court doesn’t want the judiciary used for “show trials,” said Jeff Holmstead, a former deputy administrator of the Environmental Protection Agency in the George W. Bush administration who is now an energy industry attorney at Bracewell.
“Climate change is a serious issue, but this case has no legal merit,” Holmstead told Josh.