Legal questions aside, Tetlin didn’t get a fair shake from Kinross mine deal

The Tetlin Native Corporation has posted a press release on its website making serious allegations about parties involved in the mineral lease that underlies the Kinross plan to truck ore to Fairbanks.

The many legal issues will be sorted out if and when the dispute over the mining lease ever goes to court.

As for the political and ethical issues, the court of public opinion will come into play.

One of the central issues, it seems to me, is whether the people of Tetlin were treated fairly in this matter from the start. There is reason to believe they were not, having entered negotiations with an experienced Texas promoter at a serious disadvantage.

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Dermot Cole Comments
Anchorage utility tries to light political fire for biggest gas line subsidy of all time- $8 billion

Enstar, a company owned by Canadian public pension investment funds, is trying to take over efforts to build a small diamater in-state natural gas pipeline that could require an Alaska state subsidy of $8 billion or more to keep Anchorage heating costs about the same.

Nat Herz of the Northern Journal has the story. Herz is doing a lot of good work on energy and politics. I suggest you read this one thoroughly.

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Dermot Cole Comments
Bad idea of the year: Blindly increase subsidies for Cook Inlet natural gas. Again.

The oil tax for Cook Inlet is permanently capped at $1 a barrel. The natural gas tax for Cook Inlet is permanently capped at 18 cents per thousand cubic feet.

The miniscule state taxes are supposed to be an economic incentive to drill for more gas in Cook Inlet.

With the looming natural gas shortage and the prospect of importing natural gas to supply Alaska utilities, some Republican leaders say the obvious solution is to make the taxes more miniscule or eliminate them altogether.

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Dermot Cole Comments
Permanent Fund's Anchorage office venture has makings of another scandal

The trustees, meeting this week in Juneau, need to explain to Alaskans exactly how and why they gave a policy directive to the staff—one that directly led to Chief Operating Officer Mike Barnhill quitting his job—a month after they met in public and declined to take that step.

I suspect that Gov. Mike Dunleavy inserted himself into the process and orchestrated events that led to the bizarre Permanent Fund press release on Aug. 10, the one that promised the fund will "open a satellite office in Anchorage as soon as possible to support the retention and recruitment of professional staff.”

The governor may have intervened on his own or at the request of one or more of the trustees who called him in for political muscle to demand instant action.

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Dermot Cole Comments
Daily News-Miner needs to tell the people of Fairbanks: ‘We’re not owned by a vulture hedge fund’

I’d like to see the Daily News-Miner start to use its pages to tell its real story: “Not owned by a vulture hedge fund” would be a good slogan for an ad campaign.

The best thing the newspaper has going is that it is locally owned by a nonprofit that is not trying to bleed the place dry and is focused on keeping the paper going. It deserves support.

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Dermot Cole Comments