(The Center Square) – Three energy bills passed by the Alaska Legislature are now law with Gov. Mike Dunleavy’s signature.
House Bill 50 , which creates a regulatory framework for the state to utilize geologic resources for carbon capture, utilization, and storage.
Speaking at the bill signing in Anchorage, Dunleavy called energy the “lynchpin” of society as we know it.
“The bills I signed today will both help individual Alaskans to secure more affordable and reliable energy and allow the State of Alaska to further develop its natural resources for the benefit of the people,” the governor said.
John Boyle, commissioner of Alaska’s Department of Natural Resources, said the law is an important step forward for the state, ensuring that Alaska remains open for business.
“Underground storage of CO2 complements Alaska’s existing oil and gas industry through enhanced oil recovery and enabling another voluntary pathway for companies within Alaska to meet their own carbon management goals, while DNR has the opportunity to maximize the value of a previously undeveloped state resource for the benefit of all Alaskans,” Boyle said.