State-owned Alaska corporation to consider bidding on Arctic Refuge oil leases
Print article Alaska’s state-owned economic development corporation is proposing to spend $20 million for drilling rights in the Arctic National Wildlife Refuge’s coastal plain. Alan Weitzner, director of the Alaska Industrial Development and Export Authority, said Monday that the corporation’s board of directors will be asked on Wednesday to approve up to $20 million for bidding on leases being offered by the federal Bureau of Land Management. AIDEA could make minimum bids on all available leases, or as many as possible, to preserve drilling rights as a backstop if no one else submi...
Source: adn.com