Adam Prestidge
21:44 - 22:31
“Amendment 16 requires notification of any relationship with a foreign entity. That goes significantly beyond, beyond just ownership. It's really any contract, any joint venture, any type of agreement. That type of disclosure requirement would be unique and burdensome and would be a deterrent to counterparties potentially from wanting to be associated with the project, recognizing that they wouldn't have any commercial confidential protections.”
- Speaker
- Adam Prestidge
- Timestamp
- 21:44 – 22:31
- Community
- Alaska News
- Location
- Alaska
- Captured at
From the transcript
Amendment 16 is somewhat similar to some of— to the AGDC provisions that we discussed earlier that require notification to the legislature of certain transactions. This Amendment 16 requires notification of any relationship with a foreign entity. That goes significantly beyond, beyond just ownership. It's really any contract, any joint venture, any type of agreement. That type of disclosure requirement would be unique and burdensome and would be a deterrent to counterparties potentially from wanting to be associated with the project, recognizing that they wouldn't have any commercial confidential protections.
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