News : Business : Judge says Alaska can reject Exxon plan

Judge says Alaska can reject Exxon plan

Friday, 28-Dec-2007 03:15PM EDT
Story from United Press International. Copyright 2007 by United Press International (via ClariNet)

ANCHORAGE, Alaska, Dec. 28 (UPI) -- A judge in Alaska ruled state officials have the right to reject Exxon's development plan for a giant North Slope oil and gas field.

The decision was considered a major success for the state which has been fighting the Point Thomson development. But, Exxon has other legal options, the Anchorage (Alaska) Daily News said Friday.

State Superior Court Judge Sharon Gleason ruled that Exxon and others with a stake in the field are entitled to a hearing before the state decides what to do next.

The field has lain fallow for 30 years and impatient Alaska officials want the land back so they can get others interested in developing the land. Exxon said it has been waiting because of technical challenges and the lack of a multibillion-dollar pipeline to carry the gas to the rest of the United States or Asian markets.

Add to:
Fark
Digg
Del.icio.us
reddit
MyWeb

Forums: Judge says Alaska can reject Exxon plan

Tags Related to Judge says Alaska can reject Exxon plan

popularq.net is an independent survey program and is not affiliated with any of the listed products or retailers. popularq.net programs are provided for entertainment purposes only. The survey results are not scientific and reflects th e opinions of only those Internet users who have chosen to participate. The results cannot be assumed to represent the opinions of I nternet users in general, nor the public as a whole. Trademarks, service marks, logos, and/or domain names (including, without limit ation, the individual names of products and retailers) are the property of their respective owners, who have no association with or make any endorsement of the products or services provided by popularq.net. popularq.net does not provide any free products. popularq .com does not keep any personal identifiable information. Make sure to check the terms of conditions and privacy statements of all a dvertisers. popularq.net is not responsible for advertisers content or functionality of advertiser sites.