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Tax Breaks & Subsidies and Alaska
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Last week, the Legislative Budget and Audit Committee (LBA) quietly approved $100 million in taxpayer money to be used for a collection of renewable energy projects funded through the Alaska Energy Authority (AEA). Shockingly, lawmakers approved the money just hours after the Division of Legislative Audit released a report that raised serious questions about AEA's due diligence in determining the economic viability of these speculative projects.
The report found that four out the five randomly selected energy projects they reviewed showed "there is a higher than necessary risk that the projects will not be successful."
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Energy Policy]