The Anchorage Economic Development Corporation's (AEDC) 2012 Resource Extraction 10-year Project Projection analyzes planned resource extraction projects in Alaska over the next ten years that have the potential to drive private investment and employment. Of the 16 projects, 11 are oil and gas projects and 5 are mining projects. The report also lists existing projects that support current investment and jobs as well as projects that are not as far along, but have potential for future development.
The report's executive summary lists a number of challenges facing resource projects in Alaska:
- Timely permitting reviews and awards
- Litigation
- Lack of key infrastructure such as roads, ports, communications and power
- Lack of social compacts with communities affected by proposed projects
- Taxation
- Commodity markets
- High costs
- Lack of agreement among Alaskans on a vision for Alaska’s economic future
The report notes "Alaskans have resource development opportunities that most other states, regions and even countries can only dream of..." but because of many challenges, success in developing the state's resources has been limited.
I really love that my bank is so full of BS. Pushing the party line!! Might be time to find a credit union.
Posted by: J Brockhouse | Sunday, May 20, 2012 at 06:19 PM