The newest idea, promoted by Republican Gov. Mike Dunleavy, would have the state capitalize on its oil and gas expertise to tap into a developing industry — carbon storage — as a way to generate ne…
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.
Dunleavy said the state could ultimately earn billions annually without raising taxes on industry or Alaska residents. Alaskans currently receive yearly checks from the state’s oil-wealth fund and pay no statewide sales or personal income taxes. The governor “will be the first person to tell you it doesn’t have anything to do with climate change, and it doesn’t have anything to do with solving Alaska’s energy needs,” said Matt Jackson, climate program manager with the Southeast Alaska Conservation Council.
Lawmakers in Alaska want to find experts who can help them analyze Dunleavy’s proposals, said state Rep. Ben Carpenter, who chairs the Legislative Budget and Audit Committee. Carpenter said finding people with the experience necessary has been a challenge. It’s not clear if Dunleavy’s proposals will gain traction during the current legislative session.
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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