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Todd Lindley: Alaskans vs. the carbon communists

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Todd Lindley: Alaskans vs. the carbon communists


By TODD LINDLEY

All too often, our elected leaders are democratically elected but then abandon the people either in pursuit of greater power, or–rather than resist the relentless pressure from unelected bureaucrats–they succumb to it. In Alaska, voters fortunately have a choice: we seize the opportunities we have built for ourselves and lead the world, or we bow to foreign powers.

In his book Technocracy: The Hard Road to World Order, Robert Wood describes the hijacking of American’s altruistic concern for the environment by those seeking to destroy America. Stating that the modern anti-carbon movement has “little regard for nature or people”, he exposes the roots of a global agenda to wipe out American success–which is the Trilateral Commission through the United Nations. The United Nations has become, in his words, “… a proxy for this group and the universal driving force to implement its policies.” We know these policies all too well because they are written down for the world to see. The problem is, our leaders are becoming unwitting “apologists” for our wealth-creating economy, and abdicating to foreign influence. 

Governor Dunleavy, for example, is by most accounts a conservative and popular Governor, but what is he doing?  His policies are showcased in the inaugural Alaska Standard Sustainability Report. The UN Sustainable Development Goals (SDGs) are front and center of his policies and lays the foundation for his energy programs in our great state. During his 2023 State of the State, he lamented the “billionaires from Davos” use Alaska as their playground. Yet, after the roll out of the Alaska Sustainability Report in May of 2023, Governor Dunleavy was invited by these same billionaires to visit Berlin, Germany. In front of a crowd of private equity investors he gave the keynote address during the Environmental, Social, and Governance (ESG) Summit describing the Alaska State Constitution as the Alaska Standard. He states “the Alaska Standard was ratified by the people of Alaska in 1959. When Alaska drew up its constitution it became a state long before the recent standard based movements we know by acronyms as ESG, SDG, and DEI came along. In ’59 we put much of what we talk about today in our constitution … we also hear a lot about sustainability and Alaska was ahead of the world when the framers of our constitution took this into account as well!” Simply put, our conservative Republican Governor is advocating for ESG in a foreign country on behalf of an oil producing US state. A political oxymoron if there ever was one!

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Make no mistake, there is nothing sustainable about the United Nations SDGs. In a heavy, carbon production and utilization state, there is no such thing as net zero either. Just as we saw with the COVID pandemic, the rules can be changed, the data can be manipulated, and ambiguity in interpretation leaves too much latitude for an ‘expert’ to weigh in with no accountability. Carbon and CO2 are vital elements to the flourishing of life. To claim that reducing carbon for the sake of the climate is a lie and needs to be stopped. 

The Alaska Legislature had their chance to stop the lie in 2023 but let revenue get in the way of critical thinking. With the allure that “some experts claim we could make billions of dollars” the Alaska Legislature removed the speed bumps for Governor Dunleavy to implement the Sustainable Development Goals in Alaska initially via a Carbon Offset Program. This legislation allows an entity to lease state forest land for a period up to 55 years so a company can pollute somewhere else on the planet. Even worse, the Native Corporations were presented as a model example of the millions of dollars they make on Carbon Offsets. They now lease their land for an indeterminate period of time to companies like Meta and Google. What would the Sealaska Shareholders say about the carbon offset revenues?

Fast forward to today and this upcoming legislative session. The Department of Natural Resources will likely make one more attempt at some unfinished business to pass a version of their ‘Storage Bill’ for the purpose of Carbon Sequestration. There will be rehashed discussions on the economic benefit of capturing carbon from the air or from the natural gas production and storing it in the ground. The claim is that companies want to store their carbon here and if they cannot they will take their money elsewhere. It’s funny to listen to these titans of industry make this claim to learn that the only financial incentive a company has to pursue carbon sequestration is the 45Q Federal Tax Credit. Not a business driver to increase oil production but a federal tax credit that is paid on a per ton basis of carbon dioxide injected. 

An important reminder to the citizen, the carbon offset legislation included a provision to advance the application for Class VI well primacy from the EPA, an amendment snuck in at the last minute. Legislators and lobbyists argued that Alaska needs primacy for Class VI wells, which are for geologic storage only by the way, to store CO2. However, if a company wanted to inject CO2 today, they can apply to the EPA on their own for geologic storage. More importantly, they can also take advantage of the primacy Alaska has for Class II wells which are customarily used for enhanced oil recovery. These companies know and as was presented during the last session, the 45Q is due to run out January 1, 2033. Time is of the essence if a company is to pursue carbon sequestration for the gold rush of tax credits. The obvious questions should be, why are we not doing enhanced oil recovery with our CO2 today? Are federal tax credits for sequestration more profitable than producing oil using enhanced oil recovery? 

These are simple questions that have yet to be answered. Alaskans should also know that the legislature didn’t believe it was necessary for any of the revenues to be set aside in the Permanent Fund for the benefit of the people. Senator Jesse Kiehl of Juneau even stated that if “the CO2 is stored in trees, the trees are a replenishable resource… and we don’t put money from replenishable resources in to the Permanent Fund.” 

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Now, Alaskans are left with entities, foreign to the state leasing public lands for 55 years, through a third party where the legislature has no regulatory oversight, to store a “worthless” substance in our trees and under our lands, for what? If that is not enough, the discussion of a gas shortage in the Cook Inlet should raise eyebrows. Are the experts that claim we will make billions off of low or no carbon resources the same experts evaluating the reserves in the Cook Inlet? 

Citizens may be thinking that this is all too crazy to be connected in any way but go back to the beginning of this story. Climate change will be the mechanism by which a fundamental transformation of the forms of commerce will take place, namely through ESG. If the United Nations were a proxy to implementing the policies of the Trilateral Commission, is Governor Dunleavy a proxy to implementing David Rubensteins policies on Capitalism in Transition?

Todd M Lindley, PE is an energy and engineering professional in Alaska and VP of Alaska Gold Communications, Inc. Contact him @TMLindley_AK on X (Formerly Twitter). 



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Wayne and Wanda: I’m ready to break up with Alaska but facing resistance from everyone

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Wayne and Wanda: I’m ready to break up with Alaska but facing resistance from everyone


Dear Wanda and Wayne,

I never thought I’d be the person writing this letter, but after this winter, I think I might be done with Alaska. I was born here, grew up here, raised my family here, and never imagined living anywhere else. I defended Alaska to the haters. I rolled my eyes at people who retired to Arizona. I told myself long winters are worth it because summers are the best.

But this winter broke something in me. It was so long, dark, icy and relentless. By the time spring finally arrived, I felt angry that winter took so much out of me and that I spent months feeling trapped by weather, darkness and road conditions. Angry that I’m getting older and still structuring my life around surviving winters instead of enjoying my life. And at the time I’m writing this, this spring has sucked! My heat is still coming on every day. I’m still wearing my puffer jackets!

Part of me wonders if it’s not really about the winter at all. I’m divorced and my two kids are grown and doing their own thing, both staying in Alaska for now. For the first time in my life, nothing is really anchoring me to a place. And if I’m being honest with myself, in addition to feeling trapped by the weather, I’m bored with it here. The dating scene feels impossibly small. Every time I open a dating app, it’s the same people. Half the time I already know them, or know someone who dated them (and broken up with them for a good reason!).

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So I’m sketching out plans to move somewhere warmer, bigger and completely unfamiliar. I think I want to know what life feels like somewhere else while I’m still young enough to enjoy it. I really feel this is a moment for a big change.

The problem is that nobody seems supportive. When I bring it up, people act like I’m having a midlife crisis. Friends tell me I’ll regret it. Family members remind me that the kids are here. Other Alaskans give me the usual speech about how the Lower 48 is generic. It’s gotten to the point where I almost don’t talk about it anymore because I’m tired of defending myself.

But all the resistance has me questioning myself and whether moving is a legitimate and logical step, or whether I’m just exhausted from a hard winter and romanticizing a different life. How do you know the difference between running toward something and simply running away?

Wanda says:

You’re asking whether you’re running toward or away from something — essentially if you’re taking a positive step or being reactive. Those aren’t mutually exclusive. Sometimes we leave both because we’re exhausted by what we’ve been carrying, and also because we are moving toward something new at the same time.

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Every reason you listed for staying in Alaska has changed. You raised your children here? They’re grown. You had a marriage here? That chapter is closed. You tolerated winters for the sunny payoff? Nailed it: This spring has sucked.

Now you’re primed for a reset, and questioning how you want the near term and future of your life to unfold is not a crisis, it’s taking action. And it’s way more productive than floating along season to season in a fog of monotony, settling for an unfulfilling existence. Your friends and family may genuinely believe they’re protecting you from a mistake, but they’re also protecting their own worldview. Your decision to leave can feel like an implicit criticism of their choices.

But this isn’t a committee decision, and you’re a grown woman capable of major decisions, who absolutely should explore life’s possibilities without defending it to everyone you know. So go explore. Visit places. Rent before you buy. Spend a winter somewhere else. Gather information instead of arguments. And know that no matter where you land, you can always come home again — even if it’s just for a long visit in the middle of summer.

Wayne says:

This isn’t a midlife crisis that can be glossed over with a motorcycle, lip filler, a 20-something boyfriend (who probably went to high school with your kids — yikes), or kicking off your Cowgirl Era with a hat, boots and a two-week Nashville dive bar tour.

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This is an existential crisis with your health and happiness at risk. And you’ve faced it thoughtfully, sat with it thoroughly, and are now making the best decisions selfishly. Good for you! You can’t fault your family and friends for also being selfish and wanting you to stay in AK. Of course they don’t want their mom and friend moving far away. But you’ve got to mute that noise and focus on what’s best for you.

Yes, Alaska life is special, but it sure isn’t easy. And we don’t get medals for stubbornly battling through decades of winters. What we do get is some sweet and fleeting summer moments followed by more winters. You know that, and it’s not enough for you anymore.

Most people would totally understand an 18-to-20-year-old Alaska kid taking off to see what else is out there in the world. What, we’re supposed to stop being interested in new experiences once we hit a certain age? And we’re expected to stick around someplace forever just because we’ve always been there?

It’s time for you to go. See what life feels like when you’re not scraping ice off your windshield in May. See how much fun you can have with new people in new places. It’s exciting, it’s living, and you deserve it.

[Wayne and Wanda: Is it the winter blues I can’t shake off, or something more?]

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[Wayne and Wanda: Rebuilding my social life after a divorce]

[Wayne and Wanda: My relationship is poised for big steps, and I’m anxious]





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Here’s Why Alaska Air Shares Popped Higher This Week | The Motley Fool

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Here’s Why Alaska Air Shares Popped Higher This Week | The Motley Fool


Shares in Alaska Air Group (ALK 1.16%) rose by 12.7% in an excellent week for airline stocks. The move comes as the sector climbs a wall of worry driven by soaring jet fuel prices stemming from the closure of the Strait of Hormuz. While the market’s prior concerns are understandable, there’s growing anecdotal evidence suggesting that airlines, including Alaska Air, might emerge from the period in better shape than many expect.

This week’s airline updates

Southwest Airlines (LUV 0.83%) CEO Robert Jordan gave a presentation at the Bernstein 42nd Annual Strategic Decisions Conference, and his remarks surprised the market. It’s no secret that jet fuel prices have soared, and that’s challenging airlines’ profitability. Still, it doesn’t appear to have affected end demand, with Delta Air Lines previously telling investors that strong demand in the first quarter was continuing into the second quarter, even as it raised prices.

Today’s Change

(-1.16%) $-0.54

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Current Price

$46.05

That positive trend, with Southwest’s Jordan telling investors that Southwest had participated in seven consecutive fare increases with “no drop off in demand at all.” Jordan went on to note that “I’m becoming increasingly bullish that we will be able to cover these fuel increases with revenue increases,” and also believes that “the industry will retain a much higher percent of the fare increases that would be typical historically.”

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What it means to Alaska Air

Given that Alaska competes with Southwest on some routes and is suffering from rising jet fuel prices, the news from Southwest is particularly relevant. For example, in its recent first-quarter earnings report, Alaska’s management said higher fuel costs would impact earnings per share (EPS) by $0.70 in the first quarter and by more than $3 in the second quarter.

Air passengers.

Image source: Getty Images.

These are significant numbers from an airline that analysts expect to report a $0.77-per-share loss in 2026 and then $6.32 in EPS in 2027. However, if Alaska can offset fuel costs with higher prices, then those estimates might need a positive revision.

Lee Samaha has no position in any of the stocks mentioned. The Motley Fool recommends Alaska Air Group, Delta Air Lines, and Southwest Airlines. The Motley Fool has a disclosure policy.



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State of Alaska Secures Win in Fight for Transparency Around Oil Development

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State of Alaska Secures Win in Fight for Transparency Around Oil Development


 

Ninth Circuit Court of Appeals. Image-SOM

(Bethel, AK) –Wednesday, the Ninth Circuit Court of Appeals issued a favorable opinion for the State of Alaska in ConocoPhillips Alaska v. Alaska Oil and Gas Conservation Commission (AOGCC), agreeing that State laws requiring disclosure of oil well data are not preempted by federal law.

“Alaska relies heavily on our resources and resource development,” said Acting Alaska Attorney General Cori Mills. “We are also stewards of those resources for the citizens of Alaska. Alaska’s law both allows resource development now, and encourages further development and exploration in the future. We’re pleased that the Ninth Circuit recognized that federal law has not overridden Alaska’s balanced approach.”

The Alaska Oil and Gas Conservation Commission regulates oil and gas operations throughout Alaska, including within the National Petroleum Reserve–Alaska (NPR–A). Under Alaska law, companies need permits from the AOGCC to drill and must submit well data. The AOGCC is required to keep well data confidential for 24 months.

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ConocoPhillips drilled several wells on lease holdings within the NPR–A and submitted data to the AOGCC. When the 24-month period expired, the AOGCC notified ConocoPhillips of the upcoming well data disclosure. ConocoPhillips sued in federal court to stop the disclosure process claiming that the Naval Petroleum Reserves Production Act, the federal law allowing private exploration in the NPR–A, preempted Alaska’s 24-month disclosure law. The federal district court found Alaska law preempted, and the AOGCC sought appellate review by the Ninth Circuit Court of Appeals.

On appeal, the Ninth Circuit agreed with the AOGCC. The federal Production Act does not preempt state law. The Ninth Circuit therefore reversed the district court’s holding to the contrary.

“The Alaska Oil and Gas Conservation Commission is pleased with the court’s decision upholding Alaska law,” said AOGCC Commissioner Jessie Chmielowski in a declaration filed in the litigation court. “Alaska’s balanced approach to well data confidentiality leads to increased exploration activity, not less. Alaska law allows for a two-year confidentiality period on exploration well data to leverage a company’s investment in drilling. Thereafter, making the data public has incentivized exploration on the North Slope. Placing well data in the public record allows competing companies to evaluate different exploration concepts or interpretations based on seismic data that, without well data, are just educated guesses.”

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