Alaska Gov. Mike Dunleavy is calling for the state to build off its oil and gas expertise to tap into the developing industry of carbon storage as a way to generate new revenue without curtailing the extraction industries that underpin Alaska’s economy
People rally in support of renewable energy policies, such as strengthening a renewable energy fund, across from the Alaska Capitol on Friday, Feb. 3, 2023, in Juneau, Alaska. Some environmentalists are skeptical of legislation proposed by Gov. Mike Dunleavy that aims to capitalize on carbon storage and carbon markets. JUNEAU, Alaska — — Oil-dependent Alaska has long sought ways to fatten its coffers and move away from the fiscal whiplash of oil’s boom-and-bust cycles.
“The reason we landed on this is it doesn't gore any ox, and more importantly, it's in line with what Alaska does, and that's resources,” Dunleavy said, underscoring the idea that the plan, as laid out, wouldn't harm existing interests. Shipping carbon dioxide is being analyzed in parts of the world. A project in Norway aims to ship carbon dioxide captured at European industrial sites and pump it into the seabed in Norway, according to the International Energy Agency. Japan is working on shipping technology.
Alaska’s concept echoes efforts in other fossil fuel-dependent states to capitalize on carbon offsets and sequestration or other emissions-reducing technologies while continuing to support the traditional industries they’ve long relied on, such as oil, gas or coal.
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