A crowd of over 50 people gathered outside Anchorage’s Boney Courthouse Wednesday ahead of proceedings.
ANCHORAGE, Alaska - A crowd of over 50 people gathered outside Anchorage’s Boney Courthouse Wednesday ahead of a proceeding for a unique case that involves one of the largest transfers of Alaska oil field assets in a generation, demanding transparency from one of the state’s largest energy companies.nearly four years ago when Hilcorp purchased BP’s Alaska assets for over $5 billion.
Margi Dashevsky is the co-executive director of the Fairbanks Climate Action Coalition, and says people are asking for accountability from energy corporations. “If anything were to happen — any oil spill — and they didn’t know whether Hilcorp was able to clean up a spill, they’re not able to prevent against it, they’re not able to take cautionary measures,” Executive Director of the Alaska Public Interest Research Group Veri di Suvero said.The state argued that Valdez has no standing to make the request. An attorney for the state and oil company says Valdez did not follow established procedures before turning to the courts.
“There needs to be a level of confidentiality maintained to maintain competitive advantage,” Moriarty said. “You certainly don’t want any of your competitors to know your internal rates of return, what you charge contractors, things of that nature.”
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