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Stock impact report

Alaska LNG passes major permitting milestone, hurdles remain [Reuters]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: Reuters
Alaska LNG passes major permitting milestone, hurdles remain (Reuters) - A U.S. energy regulatory report for Alaska Gasline Development Corp’s proposed Alaska liquefied natural gas project found it would provide economic benefits to the state but could cause some significant adverse environmental impacts. In the final environmental impact statement (EIS), issued on Friday, staff at the Federal Energy Regulatory Commission (FERC) concluded that most environmental impacts “would be reduced to less than significant levels with the implementation of proposed or recommended” measures. But it added: “Some impacts would be adverse and significant,” including to the permafrost, wetlands, forest and caribou. The EIS is a mandatory step toward gaining federal approval to build and operate the project. FERC is the federal agency responsible for authorizing onshore LNG facilities for the export of natural gas. FERC is scheduled to issue its final order for the project in June. “The final EIS is a Show less Read more
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