Dividends and US judge tosses Trump-era approvals for Alaska oil project

In politics it is not unusual to parties to change which means some policies automatically change. Many do not, but some do.

In an article by Mark Thiessen and Becky Bohrer of the Associated Press reported a federal judge threw out Trump administration approvals for a large planned oil project on Alaska’s North Slope. The 110 page ruling noted the federal review was flawed and did not include a multiple of mitigation measures.

The former administration believed in domestic oil production at all cost and it is well known there is oil in Alaska, although some of it is underneath protected lands. Late in the administration, the approvals were coming fast and furious for all projects in the hope some would stick, but some were flawed.

The project could produce up to 160,000 barrels of oil a day with about 590 million barrels over 30 years. More than 1,000 jobs during peak construction and 400 jobs during the operations.

The environmental groups were pleased with the ruling.

Linking to dividend paying stocks, governments can change and some policies will change when governments do, but profitable companies have consistently shown they can roll with each administration. There are good things and not so good things about any government and companies need to work with the government. Companies hire lobbyists to ensure the change is at least beneficial to the company. Sometimes the administration will do anything to help and sometimes the administration puts up roadblocks, but it is up to the company to work with the government. Does your company investments?

There are more questions than answers, till the next time – to raising questions.

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