to allow companies to inject carbon dioxide deep underground, he billed it as a way for the state to raise money while helping fight climate change., the goals have shifted: Revenue-raising provisions have been stripped out, and backers now say it’s a way to increase oil production and burn more coal while cutting emissions of carbon dioxide, a leading greenhouse gas.
“Who would have thought a few years ago that a state resource would be pore space?” said Rep. Donna Mears, D-Anchorage. Taxes and royalties from oil production are Alaska’s second-largest source of general-purpose revenue, and even Democrats in the state Legislature vote favorably on measures supporting additional drilling.
John Crowther, deputy commissioner of the Department of Natural Resources, said sections of the bill imply that the commissioner will impose — through regulation — fees that pay for that department’s costs.
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