Walker’s top advisors to pitch Permanent Fund Corp. on investment in oil tax credits
A last minute addition to the agenda for an Alaska Permanent Fund Corporation meeting for Friday shows former Attorney General Craig Richards and Gov. Bill Walker’s new oil and gas advisor, John Hendrix, are scheduled to present to the corporation’s board members.
An item that reads “Presentation on potential investment in oil & gas tax credits” was added to the agenda on Wednesday morning.
According to the Corporation’s website, the board meets 4 to 6 times a year, and posts the agenda on its homepage one week prior to each meeting — which are open to the public. Friday’s meeting is described as a board planning session.
A call to an administrative specialist for the Alaska Permanent Fund Corporation requesting more information about the meeting was not immediately returned Thursday.
Walker’s office also did not respond to a request for an interview on the topic.
Walker announced in a press release on July 22 that he was retaining Richards to provide legal counsel on oil and gas development matters at a rate of $275 an hour, one month after Richards abruptly resigned from his position as attorney general on June 23.
Hendrix is the former general manager for Apache Alaska, a small oil company that announced its departure from Alaska earlier this year, due to continued low oil prices. Walker announced he’d created a cabinet-level position for Hendrix as an oil and gas advisor on July 18.
On June 29, Walker vetoed $430 million dollars to pay down the state’s oil tax credit obligation — which is approaching $775 million — after Walker vetoed $200 million in funding last year.
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