Alaska Industrial Development and Export Authority
Coverage of Alaska Industrial Development and Export Authority in the Nexus archive.
- Trump settles suits challenging Biden-era oil restrictions in Alaska
The U.S. Department of Justice settled two lawsuits challenging Biden-era restrictions on oil and gas leases in Alaska’s Arctic National Wildlife Refuge, agreeing the 2024 program violated the 2017 Tax Cuts and Jobs Act. The settlement, which dismissed cases from Alaska and the Alaska Industrial Development and Export Authority, affirmed Trump’s 2017 policy requiring lease sales in the refuge’s coastal plain.
- Limited interest in latest oil and gas lease sale for Alaska’s Arctic National Wildlife Refuge
Two corporations bid on a handful of leases during Alaska’s Arctic National Wildlife Refuge oil and gas lease sale, with Alaska Industrial Development and Export Authority and Hex Energy winning bids covering 72,000 acres. The sale faced criticism for low industry interest and environmental concerns, while supporters highlight potential economic benefits and resource development.