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Economy

Shell abandons North Slope oil leases, raising questions about the industry’s future in Alaska

Environment Nathaniel Herz, Northern Journal -
As the world pivots toward lower-carbon energy sources in response to global warming, experts say some of the state’s hard-to-tap oil prospects are becoming less attractive.
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Eight young Alaskans sue to block proposed trans-Alaska natural gas pipeline

Environment James Brooks, Alaska Beacon -
The plaintiffs say the pipeline will contribute to climate change that harms their ability to access fish, wildlife and natural resources.
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Gov. Dunleavy examining energy bills passed by Alaska Legislature

Environment Yereth Rosen, Alaska Beacon -
The governor expressed optimism about a bill on carbon storage and other energy provisions but was pondering next steps on royalty relief bills that failed to pass.
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This oil platform stopped pumping 30 years ago. Alaska still won’t make the owner tear it down

News Nathaniel Herz, Northern Journal -
Removing all the offshore oil infrastructure from Cook Inlet could cost $1 billion. But some platforms have sat idle for decades, as inspectors say they're in an "advanced state of disrepair."
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Alaska House committee kills state-owned corporation’s plan to borrow up to $300 million

News James Brooks, Alaska Beacon -
The Alaska Industrial Development and Export Authority did not identify specific projects or a timeline for spending
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Senate committee narrowly approves tax on certain oil companies

Economy Matt Acuña Buxton -
An amendment endorsed by the Senate Resources Committee last week could potentially bring Alaska up to $175 million annually in oil and gas revenue.
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AIDEA wants to borrow $300M to bankroll unidentified projects

Economy Dermot Cole -
AIDEA claims that once it decides what to do with the $300 million, there will not be enough time to get approval from the Legislature on the specifics.
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Alaska Senate panel approves state spending plan with smaller dividend than House proposed

Economy James Brooks, Alaska Beacon -
The Senate proposal closes a $270 million gap in the House plan, but further negotiations are expected in May
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Proposed Ambler road project cited as threat to Kobuk River in Arctic Alaska

Environment Yereth Rosen, Alaska Beacon -
This story was originally published in Alaska Beacon. Alaska’s Kobuk River, which flows out of the Brooks Range above the Arctic Circle, is among the most threatened rivers in the nation because of potential development of a 211-mile road that would...
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Alaska House passes operating budget amid looming spending uncertainty

Economy Matt Acuña Buxton -
The $12.3 billion operating budget includes a $2,270 dividend and $175 million one-time school funding, matching the $680 BSA increase vetoed by the governor.
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