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Joe Balash, assistant secretary for land and minerals management for the US Department of the Interior, stated during a presentation at the AOGA Conference in late May that an appeal of the ruling was filed and legal briefs were being prepared.
According to AOGA President and CEO Kara Moriarty, this initial agreement is only one piece of a much larger puzzle.
Overall, there have been eight tax policy changes (six of which AOGA opposed) in thirteen years in an industry where a project--like Liberty--can span more than twenty years from the initial exploration well to conditional approval and still not be in operation.
Alaska Oil and Gas Association (AOGA) President and CEO Kara Moriarty explains that a variety of products are made from Alaska oil at in-state refineries.
By early 2018, the state owed about $900 million under the program and its delay in paying the rebates "has damaged the state's reputation and chilled future investment; caused projects to be shelved, resulting in negative economic impacts to the state and local communities; and many Alaskans are now out of work, especially in the oil and gas industry," AOGA's External Affairs Manager, Brandon Brefczynski, told the Senate Resources Committee in March.
"Higher oil prices offer a bit of relief for Alaskans worried about the state's finances," said Kara Moriarty, AOGA president and CEO, in a March statement.
AOGA's Moriarty also welcomed the provision to allow drilling in the 1002 region.
At the second AOGA Annual Conference, US Interior Secretary Ryan Zinke delivered the keynote address during which he signed a secretarial order directing Interior agencies to review management and leasing of the North Slope NPR-A and to conduct a new oil and gas assessment of the coastal plain of the Arctic Wildlife Refuge coastal plain.
"We're not advocating for any piece of legislation," says Kara Moriarty, president and CEO of the Alaska Oil and Gas Association (AOGA).
Says Joshua Kindred, environmental counsel for AOGA: "It depends on the interest in the region and the belief that Trump will work with operators to create a more streamlined process.
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