Alaska rejects Exxon Mobil’s natural gas proposal

Chron.com:
Alaska rejected Exxon Mobil Corp.’s $1.3 billion plan to pump natural gas from a North Slope field that holds enough to meet U.S. residential demand for the fuel for almost two years.

The proposal to begin production of reserves that have lain dormant since their discovery in the 1970s isn’t in the “best interests” of the state, Alaska Natural Resources Commissioner Tom Irwin said today in an e-mailed statement. The plan would have involved assessment and design work at the Point Thomson field without any actual commitment to pump gas, he said.

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