Nat Herz, Alaska Public Media

Anxiety creeps into oil-dependent Alaska as banks step back from Arctic investment

Development in the Arctic is booming as the global climate warms and ice melts. But environmental opposition has come along with it, making some big banks like Goldman Sachs and JPMorgan Chase more reticent about investing.

Goldman Sachs, in Arctic drilling tiff with Dunleavy, hires veteran Juneau lobbyist

After Goldman Sachs announced it would not finance oil drilling in the Arctic, Gov. Mike Dunleavy suggested he could cut off the millions of dollars a year that the state pays the Wall Street firm. Now Goldman is playing defense: Last week, it hired a Juneau lobbyist to represent its interests in Alaska.

An Anchorage attorney made a fortune fighting Big Oil in Alaska court. Now he’s funding the campaign to raise their taxes.

The initiative targets some of Alaska’s oldest and largest oil fields, and it would levy what Robin Brena’s side estimates as an additional $1 billion in taxes on the state’s biggest producers: BP, ConocoPhillips and ExxonMobil.

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