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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
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.