Adam Prestidge
3:26 - 3:58
"this is a mechanism that is only exercisable at the state's option. In terms of Glenfarn's ability to seek recourse or any kind of compensation, we don't have that mechanism. We can't ask the state to exercise this option. If Glenfarn decides to abandon the project, we do so with no recourse."
“this is a mechanism that is only exercisable at the state's option. In terms of Glenfarn's ability to seek recourse or any kind of compensation, we don't have that mechanism. We can't ask the state to exercise this option. If Glenfarn decides to abandon the project, we do so with no recourse.”
- Speaker
- Adam Prestidge
- Timestamp
- 3:26 – 3:58
- Community
- Alaska News
- Location
- Alaska
From the transcript
And it's something that we, Glenfarm, saw as a fair protection to the state, and we agreed to have it implemented as part of our contract. Again, this is a mechanism that is only exercisable at the state's option. In terms of Glenfarn's ability to seek recourse or any kind of compensation, we don't have that mechanism. We can't ask the state to exercise this option. If Glenfarn decides to abandon the project, we do so with no recourse.
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