Some Alaska Native leaders say that issuing shares to descendants is an obvious choice to help preserve Native corporations’ Indigenous character and distinguish them from traditional capitalist businesses.
North Slope
Oil prices plunge amid omicron variant concerns
A barrel of Alaska North Slope crude was about $71 on Monday, $11 less than the week of Thanksgiving.
Amid calls to cut production, Sen. Sullivan casts natural gas as climate solution
In the climate debate, natural gas is cast as both hero and villain. For protestors at the COP26 climate conference in Glasgow, producing and burning natural gas is unequivocally bad, a danger to the planet. “We cannot have any fossil fuel development if we are to have a fighting chance of staying below 1.5 degrees,”…
Rise in oil prices could add $1.2B in state revenue for Alaska, preliminary forecast says
State slightly lowers forecast for production due to uncertainty over large projects.
Global supply shortages are driving up Alaska oil prices
The short supply is being driven largely by COVID-19. When the pandemic first hit in 2020, demand for crude oil collapsed and OPEC scaled back production dramatically.
Alaska’s oil and gas jobs have failed to rebound from pandemic losses, slowing state’s recovery
The number of jobs in Alaska’s oil and gas industry remains relatively low after companies cut nearly a third of the workforce during the COVID-19 pandemic.
Exxon transfers Point Thomson operations on Alaska’s North Slope to Hilcorp
Hilcorp became the main oilfield operator in the state after it bought BP’s Alaska assets last year.
Alaska’s North Slope grapples with soaring COVID-19 infection rate, low vaccinations
Some North Slope communities there have seen their first infections of the pandemic during the surge driven by the delta variant.
Biden administration will review Trump’s plan that opened most of the NPR-A to oil development
Last week, the Interior Department directed the Bureau of Land Management to review the NPR-A management plan for compliance with President Biden’s climate goals.
Gov. Dunleavy replaces Transportation Commissioner John MacKinnon
Anderson has worked for the department for 20 years. His most recent position was director for the Northern Region. The governor’s office did not provide the reason for John MacKinnon’s departure and said that it doesn’t comment on personnel issues.