Economy

All Alaska economy and business news, including the Alaska Economic Report.

Murkowski declares ANWR wilderness bill ‘dead on arrival’

A pair of Democratic senators have introduced a bill to designate parts of the Arctic National Wildlife Refuge as a permanent wilderness area, prompting outrage from Alaska Senators Dan Sullivan and Lisa Murkowski.

Study: Climate Change Is A Chief Threat to Polar Bears

A new federal study shows Alaska's two polar bear populations could be greatly decreased in a decade. The research also shows global warming is by far the biggest threat to polar bear populations across the arctic compared to other stressors like hunting and pollutants. Download Audio
Southwest Airlines passengers

Biden wants airlines to pay passengers whose flights are hit by preventable delays

No airline currently offers cash compensation in addition to refunds or amenities. The White House plans to change that.
A square, beige heater.

Toyostoves are scarce this year. That’s bad news for keeping homes in rural Alaska warm.

Step into any home in rural Alaska and there’s a good chance that a Toyostove is what’s keeping it warm. Toyostoves are heaters that run efficiently on stove oil. But the supply of Toyostoves in Alaska is running low, and it’s yet another symptom of the COVID-19 pandemic.

Experts say Alaskans’ willingness to mask up is key to rebuilding the economy

Until the virus is under control, experts say the state’s economy will continue to suffer.

Hilcorp fined again for deviating from permit at Milne Point

The company was fined $267,000 for substituting equipment without authorization, the latest in more than 60 compliance issues.

Norwegian Monarch Visits Alaska, Urges Action on Climate Change

The King of Norway visited Anchorage on Wednesday bearing a message of goodwill, and the message that climate change is a priority for all Arctic nations. Download Audio:

Shell’s Arctic Icebreaker Returns to Unalaska

Shell's Fennica icebreaker has returned to Alaska. It docked at Dutch Harbor on Tuesday evening after enduring repairs and protests in Portland, Oregon. Download Audio
a Sitka Sound troller

To protect orcas, federal judge orders closure of iconic Southeast Alaska troll fishery

A federal judge issued an order Tuesday voiding an environmental review that helped authorize the small-scale $30 million fishery.
a pipeline

Political pressure builds as state-led Alaska LNG project goes another year without a deal

Gov. Mike Dunleavy wants to spend another $4.5 million on marketing and development the project. But lawmakers sound increasingly skeptical.
an above-ground pipeline

State-owned corporation asks for $5.6M to keep Alaska gas pipeline quest alive

Without the money, the Alaska Gasline Development Corp. will shut down, said its president, Frank Richards.
A man smiling with glasses

New development center will connect Alaska businesses with AI tools

The Alaska Small Business Development Center has a new resource center aimed at familiarizing businesses with AI tools. 
the state ferry Matanuska

Alaska’s new state ferry director says reliability is his priority

Craig Tornga comes to the job with 46 years in the marine industry, including Crowley Marine Services in Alaska and Kirby Offshore Marine in Texas.
electric vehicles

National political fight over electric vehicles surfaces in Alaska

The fossil fuel industry and its backers have criticized the Biden EV vision. But in Alaska, where the vehicles' use is expanding, they are winning fans.

ExxonMobil says it plans ‘relatively limited’ Arctic investment

ExxonMobil told shareholders not to expect an expansion of Arctic activities. A second Arctic National Wildlife Refuge lease sale is expected in 2024.
Two f-35 fighter jets are parked in front of a beige aircraft control tower

Contractor selected to build nuclear power plant at Eielson Air Force Base

Eielson will be the first U.S. military installation to get a commercialized and licensed microreactor.
an orange sky with a big rig in front

Alaska’s permit for road to major oil project leads to ConocoPhillips lawsuit

ConocoPhillips and Australian oil company Santos are in a dispute over the use of a North Slope road built by ConocoPhillips for access to Santos' Pikka Project.
Fukushima

Worries over seafood safety mount as Japan releases Fukushima water into the Pacific

China announced it is expanding an existing ban on seafood imports from Fukushima to include all of Japan, citing health concerns.
salmon in the water

Pink salmon are thriving in warmer waters, affecting other species, scientists say

A new scientific paper shows that the pink salmon population is booming in the North Pacific Ocean — and global warming is helping it happen.