Alaska’s revenue forecast, to be updated this week, relies on oil futures markets that are at their lowest point this year.
"Brad Keithley"
Federal judge reverses Trump environmental approval for major Alaska oil project
U.S. District Court Judge Sharon Gleason, in a 110-page ruling Wednesday, said the Trump administration’s approval of the project under the National Environmental Policy Act was flawed.
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.
Why did Shell walk away from Alaska?
Shell’s announcement left the state wondering what to blame—low oil prices? Tough regulations? Better prospects elsewhere? The full story is complex.
Panelists see local solutions as best approach to AK budget woes
State budget pessimists warn that fewer barrels and a growing budget deficit could turn the state into an economic wasteland. But as some Juneau residents learned Wednesday, things could still turn around.
Oil tax debate draws standing room only crowd
It was standing-room only at a debate on whether to keep the new capped oil tax rate or to switch back to a system where the rate goes up along with the profits.