In Alaska, we don’t pay income tax. We don’t pay state sales tax. But once a year every man, woman and child gets a cut of the state’s oil wealth. There are plenty of other oil states in the world, but Alaska is the only one that treats residents like shareholders and sends them dividend checks every year.
BP was forced to plug five at-risk wells on the North Slope after investigating an oil leak that happened this April.
ConocoPhillips hasn’t found a buyer for its liquefied natural gas plant on the Kenai Peninsula. Now, a company spokesperson said it’s going to save expenses by mothballing the facility this fall.
The trans-Alaska pipeline was the largest privately-funded construction project in the world, built across the biggest U.S. state and faced with unprecedented natural obstacles.