Video Clips
Quoted moments from Alaska public meetings, hearings, and press conferences.
William Gibbons-Fly
“China has long understood that engagement with the Pacific islands on oceans and fisheries issues is the single most important vector for establishing commercial and political ties. They have been expanding their influence across the Pacific by investing in shoreside facilities, building wharfs.”House Natural Resources Subcommittee on Water, Wildlife and Fisheries (Begich): Legislative Hearing · Jun 3, 2026
William Gibbons-Fly
“Because these monuments are established under the Antiquities act, the process is exempt not only from the requirements of Magnus and Stevens, but also the requirements of the Administrative Procedures act, the National Environmental Policy act and other legislation, all of which are established by Congress to ensure fair, transparent and most importantly, science based decision making for the management of our nation's fisheries.”House Natural Resources Subcommittee on Water, Wildlife and Fisheries (Begich): Legislative Hearing · Jun 3, 2026
Kyle Huffman
“While I'm open to finding solutions to sea otter management in particular regions, this bill inappropriately shifts the response responsibility to subsistence harvest and disadvantages Alaska Native artisans who carefully process pelts into arts and handicrafts. The bill also circumvents the Indigenous Peoples Council for Marine Mammals.”House Natural Resources Subcommittee on Water, Wildlife and Fisheries (Begich): Legislative Hearing · Jun 3, 2026
Frank Richards
“What AGDC has reserved for the state and Alaskans is the opportunity after fidget to take up to 25% of the equity stake. And in this particular example we used the range of 5% or about 230 million up to 25% or about 1.16 billion.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Frank Richards
“If Glenn Farm is not able to have a retention and seeks outside investment to come in to be able to cover the cost of the project, then we would only have those developer economics that Matt talked about.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Matt Kissinger
“in this example I've shown, AGDC elects to exercise its full 25% ownership option. So the 65% that the other investors selected or was issued to the other investors, we can back into 25% of that. So that's 16.25% of the total ownership of the project that we'd have direct. We still have our 25% of the carried 35% interest, which is another 8.75.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Matt Kissinger
“we're 100% aligned with Glenfarn going through this process. Glenfarn's going to fight like mad to ensure the least amount of dilution of eight Star Alaska's ownership in eight Star pipeline as you go through that process. And then we just benefit by taking 25% of what they retain.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Matt Kissinger
“they fill out the whole book of how much equity needs to be raised, and then they have to wait. They have to wait up to six months while we make a decision of whether we're going to back in and push them out of 25% of their investment, which is a real disadvantage to those investors. They have to tie up that capital with a slight bit of uncertainty.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Matt Kissinger
“AGDC has reserved the right to additionally invest directly into each of the sub projects at 5 to 25% of each equity raise that there is within those sub projects. Like we said, this is a contractual option, not an obligation.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Bert Stedman
“there's significant risk exposure to this project and it's the looks like the highest and hardest hurdle of the three entities, the liquefaction plant, the conditioning plant and the pipe. The pipe being the most critical to move the project forward and also looks like it has the most risk in it.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Frank Richards
“the equity participation is an option, but it will be on the same terms as other equity investors. So no premium, no disadvantage being provided to AGDC for coming in under these preemptive rights.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Matt Kissinger
“these are preemptive rights. They're retroactive rights that get exercised once we achieve fid. So all the other investors come to the table.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Matt Kissinger
“during that 180 days, ideally we will kick off construction and be moving. But it's potential that these other investors who have the, you know, that have the potential to be preempted by us, that they're not going to want to expose themselves to too much risk during that 180 day period. And so it does behoove us to actually shorten that period, to be honest.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Frank Richards
“the key distinction we were trying to also reflect in this was that of the 65% equity that Glenn Farm would raise, that would be direct ownership. If we elected to take 25%. So that's direct ownership in the eight star pipeline and then the retained interest in the 35% is an indirect ownership stake. So no more money required for that.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Bert Stedman
“we got the railroad, we've got Alaska Industrial Development Authority, and we have the permanent fund, all with either substantial amount of bonding authority and or billions in cash, hundreds of millions if not in billions in liquid assets. So there is a concern there.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Matt Kissinger
“We do not include any of these developer economics in the department of Revenue Analysis. We don't include it in any of our own. But it is there and it is the reward that Glenfarn gets from the project. So Glenfarn enjoys 75% of that carried developer economics.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Matt Kissinger
“AGDC will always get 25% of anything that goes into eight star Alaska.”Alaska Legislature: Senate Finance - June 4, 2026 1:30pm · Jun 4, 2026
Zach Young
“I still have to check with the legal to make sure that time works for them. So this is all still a little up in the air”Mat-Su Borough: Platting Board Meeting - June 4th, 2026 · Jun 4, 2026
Zach Young
“We are going to send out one more poll just for everybody. And we would appreciate everybody's response. Yay or nay at that point. And we will move from there.”Mat-Su Borough: Platting Board Meeting - June 4th, 2026 · Jun 4, 2026
Zach Young
“We were told by the Bureau's attorney's office to separate planning board meetings to this training. This will still be publicly noticed. This will still be open to the public.”Mat-Su Borough: Platting Board Meeting - June 4th, 2026 · Jun 4, 2026
Zach Young
“We discussed last time about training for legal coming down and offering training. We sent out a poll, we got a few responses back. Legal has changed, has vetoed one of the days.”Mat-Su Borough: Platting Board Meeting - June 4th, 2026 · Jun 4, 2026
Speaker A
“Thursday at 5 o' clock would work for me.”Mat-Su Borough: Platting Board Meeting - June 4th, 2026 · Jun 4, 2026
Zach Young
“This is training being offered by legal for new. For all planning board. Just in terms of planning board process, ex parte communications and a chance for the board to be able to have a discussion with the borough attorney's office directly for any questions that may or may not, you may all have or may not have.”Mat-Su Borough: Platting Board Meeting - June 4th, 2026 · Jun 4, 2026
Speaker A
“Seeing no objection, the motion passes.”Mat-Su Borough: Platting Board Meeting - June 4th, 2026 · Jun 4, 2026
Zach Young
“So right now consensus is Thursday, June 25th at 5pm is what we're going to try to go for. And we're going to get, I would say, at least an hour here at the assembly chambers. As long as we could get the building or get the room. We'll fully publicly notify everybody at that point.”Mat-Su Borough: Platting Board Meeting - June 4th, 2026 · Jun 4, 2026
Zach Young
“And the borough attorney's office is also willing to do off hours too, if that is a possibility. Do it at 5 or 6pm if that works out for the board better.”Mat-Su Borough: Platting Board Meeting - June 4th, 2026 · Jun 4, 2026
Zach Young
“This will also be streamed just the same, the same way. And planning board members would be able to contact the borough attorney's office afterwards with any questions.”Mat-Su Borough: Platting Board Meeting - June 4th, 2026 · Jun 4, 2026
Frank Richards
“the ownership structure of Eight Star Alaska is 75% Glenn Farm, 25% AGDC.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Matt Kissinger
“that 2mil rate has since morphed into this alternative volumetric tax which we feel also brings a lot more alignment.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Jesse Kiehl
“The 5% minimum buy in, is that going to match all other potential equity investors? Is there any chance that anybody else gets in at 2%?”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Frank Richards
“it has been recognized really for decades that Alaska's oil and gas property tax rate is very high. And so we've looked through independent verification on where Alaska sits in comparison to other jurisdictions that have LNG projects. And so, so we've gone and we'll present some of that information today. But literally it is that Alaska is approximately 10 times higher than other jurisdictions in terms of our oil and gas property tax.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Matt Kissinger
“the property taxes that we were faced with were about 10, 10 times higher than the next highest, which was Cove Point in Maryland we'd be looking at 600 to 800 million a year, possibly a billion a year once you factor in the potential risk of cost overruns. Whereas in LNG Canada I believe that they're paying somewhere around 27 million a year.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Matt Kissinger
“Developers have a habit of setting very aggressive FID dates and they do this because it's really the only way to drive everyone who's actually working on a project to a common target. But the knock on effect is it sets this unrealistic FID date out in the public and slowly credibility erodes.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Frank Richards
“once final investment decision is taken, we'll have 180 days to present the option to present the economics, the risks of inequity participation to the state of Alaska. So for an example, if there is a final investment decision in the fourth quarter, let's say the beginning of the fourth quarter quarter of this year, then that would start the 180 day clock to be able to provide the information to the legislature and to the Alaskans that would be interested in it”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Frank Richards
“This is the topic of discussion is really around the oil and gas property tax and what is truly going to allow this project to remain as an economic project that will move forward in this very competitive environment.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Bert Stedman
“there is some other concerns that some of us have at the table when it's referenced to the state. You know, a lot of it's really easy to assume it come into the legislature, but there has been some interest in accessing other entities of the state if it's the Alaska Railroad, if it's ada, if it's a permanent fund. So there is concern on the structure and how that would be executed.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Frank Richards
“when the legislature created agdc, they also gave an exemption to any project that AGDC was working on that there would be no property taxes during construction. So what you hear from the developer is they're willing to pay a property tax, an alternative volumetric tax during construction.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Frank Richards
“we wanted this opportunity to acquire ownership if the State of Alaska through appropriate legislation would be available to us. And so we reserved that option. However, if that option does not proceed forward, there will still be some what we call developer economics returns. And as owner of HSTAR Alaska, because of the development cost that the State of Alaska through AGDC and now Glenn Farm working towards FID will have expended and want to have some return on the investment. So as Glenn Farm retains equity positions in any of the sub projects and has developer economics return coming up to them for fees to those sub projects, then AGDC without any more additional funding would receive 25% of those returns to the State of Alaska.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Frank Richards
“we've reserved that for the for the legislature between 5 and 25% equity option is what we've reserved within our agreements with Glenn Farm. And the goal would be that the state of Alaska may not have to elect the full 25% if it chooses not to. Then that option will then be extended to Alaskans and Alaskan corporations.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Lyman Hoffman
“I bring this up because that 180 day timeline makes much sense. But what triggers that timeline, to me it would make more sense when the legislature convenes that that clock would start ticking so that we would have ample time to make major decision on the amount of funds that the legislature may invest in.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Matt Kissinger
“There may be multiple rounds building up to an fid but you won't achieve a final investment decision until you have sufficient funding to construct the project along with your contingency and additional contingency for contract cost overrun. Risk, et cetera, at that point in time, once that final investment decision, and that's a single vote that happens at a single moment in time. That's what starts the clock on our 180 days.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Frank Richards
“Glenn Farm yesterday provided you with an updated Class 2 cost range. And I apologize, I don't have those in front of me, but it was in the 15 to 16 billion dollars range and that was at a class two cost estimate.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Frank Richards
“my goal is that this project is able to reach a final investment decision for phase one sooner than that. It's really the opportunity that the developer talked to yesterday about what are those existing actions that must be undertaken to complete and have a final investment package, a decision support package that they would then make their decision on. Part of it is again around the property tax.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Frank Richards
“what I heard from Mr. Prestige yesterday is that, you know, they support paying the alternate volumetric tax again as it becomes responsibility of theirs to be able to do that. The real reason around this bill and the structure is around the cost of that payment in lieu of tax, I'll call it. But it's an alternative volumetric tax because the existing rates were so high.”Alaska Legislature: Senate Finance - June 4, 2026 10:00am · Jun 4, 2026
Speaker A
“Again, based on those adjustments that we just went through, the reconciliations for debt issuance, tax accruals, and unearned revenue hadn't gone through sufficient review and hadn't been tied out. We call it tied out, but hadn't been reviewed and made sure that they agreed to the account balances in your system prior to providing them to us to audit.”Juneau: June 3, 2026 Assembly Finance Committee · Jun 3, 2026
Speaker A
“For the lease receivables and deferred inflows in Harbor Enterprise Fund, which also is included in the business type activities, we found that leases had been valued incorrectly. And I know this is something that finance is working on currently to correct, but we found about $8.6 million of lease receivable and deferred inflows.”Juneau: June 3, 2026 Assembly Finance Committee · Jun 3, 2026
Speaker A
“So with 2 different audit firms and it being a first time through for Bartlett's auditors, um, they had additional time that was needed for them to complete their audit. And because of that, because we didn't get Bartlett's final issued financial statements, then CBJ wasn't able to finish out some of their final allocations, specifically the internal service allocations, until we have both Bartlett and school district financial statements.”Juneau: June 3, 2026 Assembly Finance Committee · Jun 3, 2026