Alaska Pipeline Stalls Over Tax Battle | Anchorage News

Alaska’s $54 billion natural gas pipeline project hit a major snag as the House rejected a key tax break needed to fund it, falling short of the 21 votes required. The Senate had previously passed the bill, but Governor Dunleavy threatened to veto it over a controversial corporate tax provision targeting private oil and gas companies — labeled by some as a “parasite” on the pipeline effort. With the governor calling for another special session, the project’s future hangs in the balance, even as developers push to have the first phase operational by 2030 — including pipeline, processing plant, and export facility — to address Alaska’s own energy needs. Political factions remain divided over revenue loss versus economic and energy security gains, setting the stage for more heated debate. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0937b14d860e83f5