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AWL Warns: “Smart Companies Won’t Bid on a Losing Bet” | Alaska Wilderness League
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politics6h ago

AWL Warns: “Smart Companies Won’t Bid on a Losing Bet” | Alaska Wilderness League

  • Alaska Wilderness League warns against Arctic Refuge bids as the administration opens the coastal plain to nominations.
  • The group argues Arctic drilling is costly, risky, and likely to become a stranded asset.
  • Previous Arctic Refuge lease sales drew little industry interest and minimal bids.
  • Major oil firms and financiers have publicly backed away from Arctic drilling.
  • The Arctic Refuge coastal plain is a vital calving area for the Porcupine caribou herd.
  • Protecting the Refuge is framed as a bipartisan public stance in support of wildlife and Indigenous cultures.
  • The article notes legal and regulatory uncertainty surrounding Arctic drilling.
  • Environmental and climate risks are highlighted as part of the argument against Arctic bids.
  • The release links to ongoing media coverage and calls to action for donations and staying informed.
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