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Home / Alaska State Lawmakers Consider $21 Billion Energy ProposalAlaska State Lawmakers Consider $21 Billion Energy Proposal
Last Updated on Thursday, 10 July 2008 10:46 Written by rslcpol Thursday, 10 July 2008 10:42
With 100 year supply of coal socked away in the Northwest Territory, it would seem to make sense to spend some money on turning coal in to a clean burning alternative – liquefied. From Anchorage Daily News:
State lawmakers here for a special session on the natural gas pipeline are quietly considering another blockbuster energy idea — plowing nearly $21 billion into “renewable” and “alternative” energy projects.
But some legislators say a dirty word, coal, appears all through the proposed legislation that’s making the rounds in the Capitol.
The bill, which has not yet been introduced and is labeled “work draft,” has language saying the intent is for lawmakers to contribute $20.75 billion to a renewable and alternative energy grant fund over the next five years.
The money, presumably, would come from the state’s huge oil revenue surpluses, assuming they continue.