The investment bank Goldman Sachs says it won’t finance ventures to explore or develop oil prospects in the refuge, or elsewhere in the Arctic.
Strategists tell subcommittee members that Russia is increasing its control over the Northern Sea Route and becoming more aggressive with U.S. allies in the Arctic.
A proposed 15-member committee would advise Congress and the Transportation secretary, and give Alaskans and coastal residents a voice as the sea ice recedes and marine traffic increases.
Arctic Slope Regional Corp. would be the only Alaska Native corporation in the state not to be a member of the Alaska Federation of Natives.
Armstrong Oil and Gas, which found and then sold a massive field on Alaska’s North Slope, just bought up about 1 million acres in oil leases in the National Petroleum Reserve.
The Arctic climate is rapidly and dramatically changing, with continued warming of the air, land and sea. That’s according to the 2019 Arctic Report Card from NOAA.
A recent report compiled by the Army Corps of Engineers and researchers at the University of Alaska Fairbanks documents erosion and other environmental threats facing communities in rural Alaska.
An internal investigation found that the drill operator was distracted and that there were “contradictory requirements” when it came to workers’ exposure to overhead loads.
On the block are old, new and unbuilt projects: the Kuparuk River Unit, which is Alaska’s second-largest oil field; the newer Alpine unit to the west; and the undeveloped Willow prospect in the National Petroleum Reserve-Alaska.
A major proposed North Slope oil project is running into local opposition from residents of the village of Nuiqsut, who are already partially surrounded by development and wary of more.