What's Happening Now
AIDEA’s next board meeting is September 14th, 2022 at 10:30am. Please note that time is subject to change and AIDEA is known the change the meeting time last minute. Their January board meeting was pushed back 4 times including 15 minutes before the new start time. Upcoming board agenda will be released September8th or 9th
Read more about AIDEA’s proposed Ambler Road Project in Salmon State’s Megaprojects report here
ALASKANS HOLDING AIDEA ACCOUNTABLE
The Alaska Industrial Development and Export Authority (AIDEA) is a State owned corporation with a longstanding track record of misallocated and often secretive investments in extractive industries across our state. AIDEA could instead invest wisely in a just and sustainable future for all Alaskans • Alaskans are watching AIDEA and demanding a stop to their egregious violations of public interest and public process. Below are snapshots of AIDEA’s failed investments, transparency issues, conflicts of interest, and recent news. • What happens in the Arctic happens to the World.
AIDEA’s board and staff aren’t serving Alaskans; they are making bad investments and need to invest our State's precious resources in regenerative, not extractive economies.
Some of AIDEA’s “investments:”
Some of AIDEA's Recent News:
Tanana Chief’s Conference has released a statement about the Department of the Interior’s decision to suspend the Ambler Road Project right of way permit while it carried out a new assessment of the proposed project. You can read TCC’s full statement here and visit TCC’s page Protect the Koyukuk River here
AIDEA ignored federal suspension of Arctic Refuge leases, proposing to allocate $1.5M toward Arctic Refuge oil exploration. AIDEA was one of only 3 bidders on 11 tracts for the Arctic Refuge 1002 area leased early 2021 due to Trump’s 2017 Tax Act. AIDEA is proceeding on 7 of 9 tracts it won, with an approximate total financial responsibility of $16.8mil.
AIDEA disregarded overwhelming public testimony in opposition to bidding on Arctic Refuge leases at their December 23 board meeting, Anna Mackinnon said “public hearings are not votes on an issue” in reference to said meeting.
Allegations of hostile work environment (investigation of AIDEA/AEA)
As of FY 2020, AIDEA has committed $612 million in mining, oil & gas, power, logistics, national defense, and manufacturing “development” projects and holds $398 million in capital reserves, with a total of $1.42 billion in total assets. Dividends to the State from fiscal years 2018-2022 averaged just under $12 million per year.