Episode Details

Lawmakers are racing against time in a tense conference committee to finalize a tax relief bill for Alaska’s massive LNG project, after the governor sent the original version back for a special session. Developers Glenfarne and Alaska Gasline Development Corp. are pushing back on key provisions — especially a proposed tax on pass-through entities like S-corps and LLCs, which could generate up to $100 million annually but the governor vows to veto if included, calling it a “poison pill.” Developers argue it’s too high compared to other states and could scare off investors. They’re also pushing back on labor provisions they say go beyond a prior agreement, even applying to overseas fabrication yards. A controversial “clawback” clause — which could force the state to pay developers if the project is canceled — has also sparked debate, with lawmakers demanding transparency and amendments to prevent compensation for failure. With billions at stake, negotiators are struggling to balance state revenue with the lure of major investment — and time is running out to meet a July 1 deadline.

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