0:36
Forrest Dunbar
45:35 - 46:11
"we know that Glenfarn, according to the modeling of Department of Revenue, will become one of the largest entities in our state. They estimated more than $400 million of revenue at full gas because of this provision. Now, that might have been overstated a little. We don't get to actually see Glenfarn's books, so We don't know how much money you would raise, but even if it was half of that, we're talking about a very substantial amount of money that Glenfarn originally said they were happy to pay, or at least they didn't fight."
“we know that Glenfarn, according to the modeling of Department of Revenue, will become one of the largest entities in our state. They estimated more than $400 million of revenue at full gas because of this provision. Now, that might have been overstated a little. We don't get to actually see Glenfarn's books, so We don't know how much money you would raise, but even if it was half of that, we're talking about a very substantial amount of money that Glenfarn originally said they were happy to pay, or at least they didn't fight.”
- Speaker
- Forrest Dunbar
- Timestamp
- 45:35 – 46:11
- Community
- Alaska News
- Location
- Alaska
- Captured at
- June 19, 2026
From the transcript
So in the short term, you're addressing the lease expenditure issue and trying to protect the finances of the state. In the long term, we know that Glenfarn, according to the modeling of Department of Revenue, will become one of the largest entities in our state. They estimated more than $400 million of revenue at full gas because of this provision. Now, that might have been overstated a little. We don't get to actually see Glenfarn's books, so We don't know how much money you would raise, but even if it was half of that, we're talking about a very substantial amount of money that Glenfarn originally said they were happy to pay, or at least they didn't fight.
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