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Tue, 02/16/2021 - 1:23pm
The leaders of Alaska’s development bank have a deal to finance remaining preconstruction work for the Ambler mining district access road with the company leading exploration in the region.
The 50-50 cost-share agreement approved Feb. 10 by the Alaska Industrial Development and Export Authority board of directors and signed with Ambler Metals, a joint venture of Trilogy Metals, authorizes up to $70 million of spending on the Ambler road until state officials decide whether or not to build the remote 211-mile industrial road.
It runs through 2024 if AIDEA officials don’t reach a final investment decision before then.
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Before the former administration ended, it managed to fast track the approval to develop an infamous large proportioned project that is set to be constructed on the Alaskan lands.
In north-central Alaska, the Gates of The Arctic National Park serves as a genuine wilderness experience for the people who want to know what the Alaskan ecosystem truly is. But, it s not just an authentic Alaskan tourist destination; it also serves as a wildlife reserve for endemic animals that are local to the Alaskan wilderness.
(Photo : Hari Nandakumar)
The national park caters to the needs of tourists and wildlife alike-a real safe haven to anyone who wants to enjoy the experience of being in the tundra.
The Trump administration’s Arctic Refuge oil lease auction was a total bust
Photo by Shelley Wales/iStock
On the afternoon of Wednesday, January 6 as many Americans were transfixed by the violent insurrectionists laying siege to the US Capitol the Department of the Interior was undertaking what some conservationists have likened to another kind of plunder: the first-ever oil and gas lease sale in one of North America’s most iconic wilderness landscapes.
For more than 40 years, environmentalists and Republicans in Congress have battled over the fate of the Arctic National Wildlife Refuge’s coastal plain, a 1.6-million-acre stretch of fragile tundra at the edge of the Arctic Sea. In 2017, with a two-page provision tucked into the Tax Cuts and Jobs Act, Donald Trump achieved what no other Republican president had been able to: opening up the refuge to oil and gas exploration and development. The lease sale was, in a way, the culmination of one of the defining environmental s