Alaska state-owned corporation approves spending up to $20 million on oil leases in Arctic National Wildlife Refuge
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...