The tax credits are scheduled to be paid off fully in 2025. Walker and the Department of Revenue are proposing paying them off by 2019 at a discount.
Energy & Mining
Conoco hopes to crack open off-limits North Slope land
Beyond its current developments, the ConocoPhillips sees even more opportunity further west. But in that direction lies the off-limits Teshekpuk Lake Special Area.
King Cove closer to goal of 100 percent renewable electricity
Funding for renewable energy projects in Alaska has dried up, but that has not stopped the City of King Cove from pursuing green power.
Several workers possibly contaminated at Hanford nuclear site
Six Hanford Site workers have shown up as possibly contaminated since Dec. 8. One worker was possibly contaminated twice.
Protests fail to slow tax bill, or Arctic drilling
Republicans in Congress say they’ve reached a final agreement on their tax bill, and it appears to include a prize the Alaska delegation has sought for years: opening the Arctic National Wildlife Refuge to oil drilling.
State’s revenue department predicts slow uptick in oil prices
While the state is forecasted to make more money this year than it did last year, it is still spending more than it makes.
Warning from left: Deficit could eat Alaska’s Arctic Refuge money
The U.S. Senate tax bill would open the Arctic National Wildlife Refuge to oil lease sales and split revenues with the state 50-50. Some Alaskans insist the state should get 90 percent, as promised in the statehood act. But if the tax bill passes, some opponents warn the state’s actual revenues from ANWR, no matter how much the oil companies bid, could be zero.
In Russia, a competitor for Alaska’s gasline project comes online
The $27 billion Russian project is heavily funded by partners in China. When completed, it will be almost as large as the Alaska LNG project.
As Alaska’s gasline corporation pushes for Asia deal, legislators push for more information
Heading into a busy year for the state corporation, questions linger about financing and project structure.
Drilling foes see bids, request redo on Arctic Refuge estimate
Three Congress members opposed to drilling in the Arctic National Wildlife Refuge are challenging the revenue projections for that endeavor, and they have fresh evidence on their side.