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Tag Archives: North Slope

Walker aims to convert Alaska Permanent Fund to endowment for funding government

JUNEAU — A new plan from Gov. Bill Walker’s administration to broadly restructure Alaska’s finances would convert the Permanent Fund into an endowment that absorbs oil income and generates billions of dollars in annual revenue for the state’s treasury, Attorney General Craig Richards announced Wednesday. The sweeping changes would insulate state government from swings in the price of oil, Richards ...

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After a decade, oil begins flowing from National Petroleum Reserve-Alaska

Commercial oil production has begun in the National Petroleum Reserve-Alaska. ConocoPhillips Alaska made that announcement on Tuesday, saying oil has begun flowing at its CD5 drill site, part of the Alpine field on the North Slope. The production is coming from Alaska Native lands within the boundaries of the Indiana-sized reserve, created as a naval petroleum reserve after World War ...

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Walker administration wants to pay state employee $840,000 for gas pipeline work

JUNEAU — Gov. Bill Walker’s administration is asking the Legislature to approve an $840,000 salary and benefits package for a public employee to work on Alaska’s natural gas pipeline megaproject. The request is part of the budget bill that Walker is asking lawmakers to approve during the special session currently underway here. The money would boost the salary and benefits ...

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Walker: It’s time for Alaska to act like sovereign state

ANCHORAGE, Alaska — The latest after Alaska Gov. Bill Walker called lawmakers into a special session to deal with natural gas pipeline issues: 5:10 p.m. Alaska Gov. Bill Walker on Thursday called lawmakers into special session to kick-start stalled consideration of the Alaska natural gas pipeline project. Walker is also proposing that the state buy out a Canadian partner in ...

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Most Alaskans will get record $2,072 each in oil money

ANCHORAGE, Alaska — Oil prices are so low that they are hovering at benchmarks not seen in years, plunging oil-dependent Alaska into a crippling budget deficit. But the industry’s woes won’t affect how much the state’s oil investment account pays out to Alaskans, even though the government has been scrambling to pay the bills. This year’s payout will be a ...

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Researchers say new dinosaur found in northern Alaska

ANCHORAGE, Alaska — Researchers have uncovered a new species of plant-eating dinosaur in Alaska, according to a report published Tuesday. The animal was a variety of hadrosaur, a duck-billed dinosaur that roamed in herds, said Pat Druckenmiller, earth sciences curator at the University of Alaska Museum in Fairbanks. Northern Alaska likely was once covered by forest in a warmer climate. ...

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Conflict lurks over property taxes for proposed Alaska gas line

JUNEAU — The North Slope Borough has become fabulously wealthy from taxes on the oil industry and its massive Prudhoe Bay infrastructure. In addition to subsidies of thousands of dollars per resident for the costs of water, sewer, lights and heat, the nation’s northernmost municipality even has its own permanent fund. At about half a billion dollars, the borough’s permanent ...

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Governor launches Asia trip to talk promote Alaska gas

Gov. Bill Walker’s office provided a dispatch from Tokyo on Monday, saying he has launched a weeklong series of meetings in Japan to highlight Alaska’s efforts to produce its natural gas and sell it in a liquefied form in Asia. Walker and two members of his administration — Natural Resources Deputy Commissioner Marty Rutherford and Alaska Gas Team member Audie ...

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