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Can Carbon Offsets Boost Alaska's Waning Oil Economy?

From oilprice.com

While Alaska is not yet ready to give up on oil and gas, it has faced years of difficulties in getting new projects off the ground, which is making the state government more open to alternative energy projects. Despite being slow to support the green transition, Alaska is slowing beginning to understand the need to diversify and is expected to do so through a carbon offput scheme, which could bring in new revenue. Alaska’s economy has been faltering due to failures in its previously strong oil and gas industry. The state government and several oil companies have been fighting to get the go ahead on several ... (full story)

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  • Category: Fundamental Analysis