Friday, December 27, 2019 (Anchorage) – Governor Mike Dunleavy today established the Governor’s Oversight Committee on the BP-Hilcorp Transaction. The purpose is to make sure the State of Alaska and its people are represented as this transaction moves forward. The Committee will provide the Governor with oversight and updates on the transfer as it moves ahead in the new year.
“This transaction represents a new era for Alaska’s North Slope, so it’s important that we fully understand the benefits and any potential impacts on Alaskans and the state’s most important industry in terms of revenue and jobs,” said Governor Dunleavy. “Oversight, review and approval of the transaction are the state’s responsibility and we will ensure it is done to the highest possible standards.”
Commissioners or their designees from seven state departments and a senior level member of the Governor’s staff will serve on the Commission:
- Commissioner or designee of the Department of Natural Resources (Chair)
- Commissioner or designee of the Department of Environmental Conservation
- Attorney General or designee of the Department of Law
- Commissioner or designee of the Department of Fish & Game
- Commissioner or designee of the Department of Labor and Workforce Development
- Commissioner or designee of the Department of Commerce, Community, and Economic Development
- Commissioner or designee of the Department of Revenue
- Governor’s Office Director of Policy & Communications
The Committee will advise the Governor on whether regulatory and statutory requirements are being satisfied, inform him on comments from the public and the Alaska Legislature, any potential impacts on the state’s workforce and brief the Governor on all proceedings related to the transfer in the state’s quasi-judicial agencies.
More information on the members of the Committee and its schedule will be announced in the near future. A copy of the Governor’s memo can be found here.