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Jan 7, 2021 JUNEAU, Alaska (AP) — The U.S. government held its first-ever oil and gas lease sale Wednesday for Alaska’s Arctic National Wildlife Refuge, an event critics labeled as a bust with major oil companies staying on the sidelines and a state corporation emerging as the main bidder. The sale, held as scheduled after a judge Tuesday rejected requests by Indigenous and conservation groups to halt the event, garnered bids on half the 22 tracts that were listed as available in the refuge’s coastal plain. The U.S. Bureau of Land Management, which held the sale, said the bids were unde...

ABC News Turn on desktop notifications for breaking stories about interest? OffOn US holds first oil lease sale for Alaska's Arctic refuge The U.S. government has held its first-ever oil and gas lease sale for Alaska’s Arctic National Wildlife Refuge, an event critics labeled as a bust with major oil companies staying on the sidelines and a state corporation the main bidder By BECKY BOHRER Associated Press January 6, 2021, 10:37 PM • 4 min read Catch up on the developing stories making headlines.The Associated Press JUNEAU, Alaska -- The U.S. government held its first-ever oil and ...

A state corporation has been given approval by its board to bid for acreage in a planned Jan. 6 federal lease sale in the Arctic National Wildlife Refuge. The Alaska Industrial Development Authority, or AIDEA the state’s development finance corporation, was given authorization to place up to $20 million in bids for the acreage. Former Alaska Gov. Frank Murkowski thinks the idea is good because the state is in a unique situation of getting half its money spent on bids returned by the federal government, an advantage no private company has. However, a former state oil and gas director, Kay...

Print article Alaska’s state-owned economic development corporation on Wednesday agreed to spend up to $20 million to buy leases in the Arctic National Wildlife Refuge’s coastal plain in an effort to support future oil exploration and drilling there. The seven-member board of the Alaska Industrial Development and Export Authority unanimously granted the corporation’s director permission to bid following 90 minutes of public comments, a two-hour private meeting and a final 30-minute public session. The proposal faced broad public opposition, including complaints that the measure was b...

The agency refused to tell the public the nature of the confidential matter. Had the agency wanted to fill in the public about its secret plans, the meeting announcement would have mentioned the Arctic National Wildlife Refuge. But it didn’t. AIDEA now wants Alaskans to believe that it was not trying to hide its plan to spend up to $20 million bidding on federal oil leases in the Arctic National Wildlife Refuge before the end of the month. Alan Weitzner, executive director of AIDEA, tells the Anchorage Daily News that the resolution approved by the AIDEA board Wednesday to spend $20 mill...