Senate Shields Alaska from Glenfarne Loophole | Anchorage News

Alaska’s Senate just passed a major gas line deal with Glenfarne, giving them nearly a billion dollars a year in tax breaks — but with serious safeguards: if Glenfarne backs out or misses deadlines, they lose their shares, and strict timelines force a final decision by 2028 and completion by 2032, before Hilcorp cuts off gas. The governor calls these “poison pills,” but they’re just formalizing promises already made — including liability protections and a gas price cap that failed to pass. The real fight? A tax loophole: Glenfarne is a pass-through entity, so closing it would force them to pay corporate taxes on billions in profits — and Alaska could lose hundreds of millions annually. This isn’t just business — it’s about making sure Alaskans, not just corporations, benefit from our resources. 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/5ee2a34b840e9d65