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Economy

Small Cook Inlet producers say they need state government help before drilling for new natural gas

News Nathaniel Herz, Northern Journal -
One company, Bluecrest, said it will need more support even after a state agency agreed to forgive some $7 million in loans. Another company, HEX, says it needs the state to agree to a royalty reduction before it will drill a well.
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Alaska’s embattled economic development agency signs contracts with seven law firms

Economy Nathaniel Herz, Northern Journal -
AIDEA has long used outside attorneys. What’s new is selecting firms in advance, which the agency's leader says allows work to happen more quickly than going through the state’s procurement process each time an issue comes up.
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Dunleavy reappoints Permanent Fund Corp. board chair Schutt after weeks of uncertainty

Economy James Brooks, Alaska Beacon -
Gov. Mike Dunleavy has reappointed Ethan Schutt to a public seat on the Alaska Permanent Fund Corp.’s board of directors, a little over two weeks after Schutt’s prior term expired.
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New retirees face months of delays in collecting state pensions; state says it is moving to clear backlog

Economy Dermot Cole -
Staff shortages continue to plague Alaska’s government services.
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Mimosas with kickoff? Anchorage now allows restaurants to start serving alcohol at 8 a.m.

Anchorage Matt Acuña Buxton -
Prior to the change, restaurants could not start serving alcohol until 10 a.m., and liquor stores opened at noon on Sundays.
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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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