Episode Details

Alaska’s $54 billion gas pipeline hit a major snag as a key tax break bill failed to pass, derailed by a bitter dispute over Glenfarne’s support. Lawmakers thought Glenfarne backed the compromise, which included labor concessions and a controversial tax revision—believed to have been pushed by Hilcorp. But Glenfarne denied backing the bill, claiming the tax threatened their business and citing pressure from Hilcorp. Schrage says Hilcorp threatened future contracts, but Glenfarne called that misleading. With the governor set to veto and votes falling short, the project’s future hangs in the balance amid Alaska’s budget woes and tangled political maneuvering.

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