Nearly three decades after the disastrous Exxon Valdez oil spill in 1989, the litigation for the remaining cash the state and federal governments could pursue from Exxon is at an end. A clause in the 1991 settlement said up to $100 million could be requested from Exxon for future unknown damage. It was called the reopener.
Energy & Mining
Obama’s energy remark baffles Alaska senators
In his State of the Union address Tuesday night, President Obama never mentioned Alaska or the Arctic, but he took a few shots at the oil industry. Obama says it’s time to accelerate the move away from “dirtier” energy.
EPA cleared of bias on Pebble project
The Environmental Protection Agency’s inspector general has concluded that the agency did not treat the Pebble project unfairly when it issued a controversial document detrimental to the mine.
North Slope crude hits 3rd-lowest mark since 2009
Crude prices continue to fall across the United States. Brent Crude Oil set an 11-year low, dipping below $33 per barrel Thursday morning.
Company Behind Keystone XL Oil Pipeline Sues U.S. Government
TransCanada’s lawsuit claims President Obama exceeded his authority when he rejected the pipeline in November. It is also filing a $15 billion suit under the North American Free Trade Agreement.
Southeast’s year in review: ferries, logging and mining
The year 2015 saw the beginnings of major changes to the Alaska Marine Highway, the Tongass National Forest and the future of transboundary mines.
Tax Breaks, Falling Costs Are Boosting Wind And Solar
Congress has extended tax credits for clean energy as part of a $1.8 trillion spending bill. Solar and wind power companies say it will catapult the industry at a time when costs are already falling.
Conoco withdraws from Russian Arctic
American oil titan ConocoPhillips has sold its 50 percent stake in the Polar Lights drilling project in the Russian Arctic, according to Russian news media. The sale marks Conoco’s complete exit from Russia.
Arctic Native leaders: Paris climate agreement didn’t address indigenous rights
Indigenous rights leaders say the Paris agreement doesn’t consider the people who are most affected by climate change.
Which Burns More Kilowatt-Hours: America’s Christmas Lights Or Tanzania?
As you might have guessed, the answer is not Tanzania. So the holiday season is a good time to reflect on … electricity.