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Economy

Amid gas crunch, Alaska could revoke leases from a company whose drilling has stalled

Environment Nathaniel Herz, Northern Journal -
The Dunleavy administration is threatening to strip Texas-based BlueCrest Energy of oil and gas leases near Anchorage, saying it’s failed to advance development that could delay urban Alaska’s impending gas shortage.
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New Alaska Bitcoin mine would use as much power as the state’s largest coal plant produces

Economy Nathaniel Herz, Northern Journal -
The startup planning the operation near the North Slope oil fields would power its computers not with coal but with another fossil fuel: natural gas that’s currently going unused.
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Did the Dunleavy administration cut sweetheart tax deals with oil companies? Legislators are trying to find out.

News Matt Acuña Buxton -
Alaska legislative leaders are demanding Dunleavy address an “overall pattern of peculiarities” in the state’s collection of oil and gas tax.
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Nearly 50 Years at DIPAC Hatchery

Arts and Culture Rachel Levy -
Next year, Douglas Island Pink and Chum (DIPAC) Macaulay Salmon Hatchery will be celebrating its 50th anniversary.
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Legislature approves first tax in years as Alaska’s financial picture turns grim

Economy Matt Acuña Buxton -
With a 26-14 vote in the House, the Alaska Legislature approved the first new major revenue source in years on Wednesday.
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Legislators salvage education deal in the aftermath of Dunleavy’s veto

Economy Matt Acuña Buxton -
The new measure links a permanent increase in per-student funding to policies aimed at improving learning, as well as a way to pay for some of the biggest new spending proposed by the bill.
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At Juneau Assembly Meeting, Cruise Lines Dodge Question on Toxic Discharges

Commentary Rachel Levy -
Last week the City and Borough of Juneau Assembly held a joint work session with members of the Cruise Lines International Association of Alaska
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Fresh off his second school veto, Dunleavy proposes a bill that would actually cut funding

Economy Matt Acuña Buxton -
Alaska GOP Gov. Mike Dunleavy presented an alternative that he says would have his support.
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AIDEA’s enormous cash reserves can do more to help close state deficit

Economy Dermot Cole -
AIDEA has repeatedly boasted that its earnings last year—$65 million—were strong enough that it contributed $20 million to the state general fund.
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Shocker! The wage report Dunleavy delayed shows most state employees are underpaid

Economy Matt Acuña Buxton -
The report finds that more than half of state employees are paid below what has long been considered competitive under state policy.
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