Adam Prestidge
26:24 - 27:01
"if that ever did happen, Glenfarn would have no recourse, no ability or expectation or request to be reimbursed. We're doing this at our own risk. To underscore that, the proof of that, when Glenfarn was negotiating to come in to take on this project, there was a concept on the table that was an ADA backstop. And it was being considered a bit by the legislature. There was a bit of press about it where the concept was that ADA would provide a reimbursable or reimbursement guarantee of up to $50 million to cover the cost of engineering studies on the pipeline."
“if that ever did happen, Glenfarn would have no recourse, no ability or expectation or request to be reimbursed. We're doing this at our own risk. To underscore that, the proof of that, when Glenfarn was negotiating to come in to take on this project, there was a concept on the table that was an ADA backstop. And it was being considered a bit by the legislature. There was a bit of press about it where the concept was that ADA would provide a reimbursable or reimbursement guarantee of up to $50 million to cover the cost of engineering studies on the pipeline.”
- Speaker
- Adam Prestidge
- Timestamp
- 26:24 – 27:01
- Community
- Alaska News
- Location
- Alaska
- Captured at
- June 16, 2026
From the transcript
But if that ever did happen, Glenfarn would have no recourse, no ability or expectation or request to be reimbursed. We're doing this at our own risk. To underscore that, the proof of that, when Glenfarn was negotiating to come in to take on this project, there was a concept on the table that was an ADA backstop. And it was being considered a bit by the legislature. There was a bit of press about it where the concept was that ADA would provide a reimbursable or reimbursement guarantee of up to $50 million to cover the cost of engineering studies on the pipeline.