The case shows how it’s become common for polar bears to disrupt village life in Kaktovik, which sits on an island at the edge of the Beaufort Sea. As climate change melts sea ice and drives the bears ashore, residents say they’ve been under increasing stress.
When the oil tax initiative would appear on a ballot depends on when the Alaska Legislature wraps up its work.
Wells Fargo’s announcement follows similar policies against Arctic drilling adopted by Goldman Sachs and JPMorgan Chase, as well as a string of European banks.
One researcher says now is a key time for studies on Arctic Ocean conditions, before hotter temperatures from climate change become the new normal.
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.
John Lincoln, the Alaska state representative who represents the Northwest Arctic and North Slope boroughs, says he will not run for reelection.
The Regulatory Commission of Alaska has extended its deadline to March 12. It’s the second delay this year.
Kaktovik’s mayor says the first priority is restoring a sense of normalcy for the students as they resume classes. The community plans to rebuild the school, but the timeline is still unknown.
Instead of building an entire, temporary island as a staging area to move its infrastructure to the remote Willow site, the oil company has abandoned that plan and now proposes to rely more heavily on ice roads.
The North Slope Borough mayor says there were no injuries to report as of Friday morning. He says the weather, which dipped to -35 degrees, has made fighting the fire difficult for first responders.