New Venture Fund Archives - Saving Seafood

July 12, 2018 — This year’s fish fight is already half as expensive as the 2014 ballot battle over Alaska’s oil and gas tax system.

According to new filings from the Alaska Public Offices commission, mining firms Teck Alaska and Donlin Gold have donated an additional $1.2 million to a group whose mission is to campaign against Ballot Measure 1 in this fall’s election.

According to the report filed July 6 by “Stand for Alaska — Vote No on One,” contributors have now provided $6.3 million to the opposition’s cause.

A July 10 report filed by “Yes for Salmon,” which is backing Ballot Measure 1, shows just over $989,000 in contributions.

“Stand for Salmon,” which is also backing the measure, reported about $105,000 in contributions in a report filed July 7.

The Washington, D.C.-based New Venture Fund and Trout Unlimited also have reported a few thousand dollars in expenses supporting the ballot measure.

In 2014, Alaskans spent more than $14 million backing and opposing a ballot measure that aimed to repeal an oil tax cut known as Senate Bill 21. More than $13 million of that tally was spent on “vote no” efforts backing the tax cut, and less than $1 million was spent by “vote yes” proponents.

Teck Alaska is the operator of the Red Dog zinc and lead mine in the Northwest Arctic Borough. Donlin is developing a gold mine on a tributary of the Kuskokwim River in southwest Alaska. If approved, the mine would be one of the largest open-pit gold mines in the world.

Read the full story at the Juneau Empire

January 30, 2018 — JUNEAU, Ala. — Opponents of a citizens initiative to boost protections for salmon habitat have a path to adapt the proposal to better suit them: helping pass a similar bill through the Alaska Legislature, which would render the initiative void.

The largely Democratic House majority last week introduced a new version of its legislation, House Bill 199, that could serve as that vehicle. Both proposals would create new permitting systems for projects that would affect fish habitat.

But the initiative’s pro-development opponents say they’re not exactly thrilled by HB 199 either.

And they’re making no promises to try to transform it into a compromise measure that could permit resource-development projects while still achieving some of the habitat protections that supporters want.

“These solutions have to be to problems that actually exist,” said Soldotna Republican Sen. Peter Micciche, a Cook Inlet commercial salmon fisherman who also works for ConocoPhillips. “The Senate majority doesn’t recognize, at this point, that there’s a gap.”

The state elections division has not yet placed the initiative on the ballot. Yet it’s already proven polarizing, and its legality is also being challenged in the Alaska Supreme Court.

The initiative is backed by an array of conservation groups that have teamed with three sponsors: Mike Wood, a Cook Inlet commercial setnet fisherman; Gayla Hoseth, a tribal chief from the Bristol Bay region; and Stephanie Quinn-Davidson, an Anchorage ecologist and fisheries advocate.

The supporters say Alaska’s permitting standards are outdated and wouldn’t provide adequate fish protections if proposed megaprojects such as dams, coal export projects, and the Pebble mine near Bristol Bay are ultimately built. The eight-page initiative would create a two-level permitting system with more stringent rules, like requiring that developers avoid or minimize damage to fish habitat or promise to clean up damage caused by projects.

The initiative has raised $300,000, with support from conservation groups like Homer-based Cook Inletkeeper, Virginia-based Trout Unlimited, the Oregon-based Wild Salmon Center and New Venture Fund, a left-leaning nonprofit based in Washington, D.C., according to filings with state campaign finance regulators.

Read the full story at the Anchorage Daily News

Alaska fisheries ballot battle becomes more expensive

Will the fish habitat ballot proposal prod Alaska lawmakers to pass a similar bill? Don’t count on it.