The Alaska Permanent Fund Corp. has rejected a proposal from Gov. Bill Walker’s administration to invest in state oil tax credits.
Former Attorney General Craig Richards presented the idea to the fund’s board earlier this month. The administration is looking for ways to ease the pain for smaller oil companies after the governor vetoed $430 million in credits that companies expected would be paid this year.
The Permanent Fund board said in a statement that the expected returns “do not justify taking on the associated risks.”
Rachel Waldholz covers energy and the environment for Alaska's Energy Desk, a collaboration between Alaska Public Media, KTOO in Juneau and KUCB in Unalaska. Before coming to Anchorage, she spent two years reporting for Raven Radio in Sitka. Rachel studied documentary production at the UC Berkeley Graduate School of Journalism, and her short film, A Confused War won several awards. Her work has appeared on Morning Edition, All Things Considered, and Marketplace, among other outlets.
rwaldholz (at) alaskapublic (dot) org | 907.550.8432 | About Rachel
