Alaska carbon plan: Boost state coffers without cutting oil

By BECKY BOHRER
Associated Press

JUNEAU, Alaska (AP) — Alaska Gov. Mike Dunleavy is calling for the state to build off its oil and gas expertise to tap into the developing industry of carbon storage as a way to generate new revenue without curtailing the extraction industries that underpin Alaska’s economy. His plans seek to capitalize on carbon markets in two ways — through underground storage in places like the Cook Inlet and by creating projects that would generate credits a company could buy to offset emissions they produce. Alaska has a front-row seat to climate change, and some environmentalists question how meaningful an impact carbon markets will have on efforts to address climate change.