0:40
Adam Prestidge
45:25 - 46:06
"if Glenfarm were to determine the project had failed or if Glenfarm were to decide to abandon the project, we wouldn't have any way to seek any recourse or any reimbursement for what we have done."
“if Glenfarm were to determine the project had failed or if Glenfarm were to decide to abandon the project, we wouldn't have any way to seek any recourse or any reimbursement for what we have done.”
- Speaker
- Adam Prestidge
- Timestamp
- 45:25 – 46:06
- Community
- Alaska News
- Location
- Alaska
- Captured at
- June 16, 2026
From the transcript
And so as Mr. Kissinger stated, Glenfarm is under an ongoing obligation to continue to develop the project. We bear that obligation to do that at our own cost and our own risk. So this is kind of an outside scenario of what happens, as you would have in any joint venture agreement, if the whole thing falls apart and the state decides to to take an action. It's a protection for the state ultimately. Again, if Glenfarm were to determine the project had failed or if Glenfarm were to decide to abandon the project, we wouldn't have any way to seek any recourse or any reimbursement for what we have done.
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