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LNG Bill Falters Over Tax Debate | Anchorage News
Description
A major Alaska LNG project hit a major roadblock when developer Glenfarne pulled support from a key bill — not because of pressure from oil giant Hilcorp, as lawmakers claimed, but because Glenfarne feared the bill’s hidden tax on Hilcorp would hike costs for the LNG project. The bill, which aimed to tax oil companies while exempting the LNG project, sparked outrage among lawmakers who called it a billionaire’s loophole, while Glenfarne’s team called the narrative misleading and said they never backed the bill. With the House rejecting the bill and the governor calling for a new special session, the future of Alaska’s energy ambitions hangs in the balance — caught between tax policy, corporate strategy, and political frustration.
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