Economy

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

Dungeness crab

Crab pots ‘absolutely stuffed’ as Bering Sea Dungeness fishery breaks records

While many Bering Sea crab populations find themselves in freefall, Dungeness crab is breaking records in regions that used to hardly see them.
Three people sit at a desk while a screen displays a logo that says "Alaska Insight"

Expanding renewable energy in rural Alaska | Alaska Insight

Alaskans seeking relief from high energy prices and unreliable supplies are finding success in transitioning to renewable energy. What projects are in the works, and where do opportunities exist for further development?
Rocky coastline near Nome

Northern Alaska cable break repaired after 14 weeks of internet outages

GCI announced the repairs in an email to customers Monday, more than three months after the cable was cut in an ice scouring event near Prudhoe Bay.
A woman stands by a door

Reality TV crews bring economic boost to Petersburg, but many locals wonder if it’s worth it

In 2023, three reality TV shows and a documentary were shot in the remote Southeast town, a small windfall for many local businesses.
king salmon

Alaska king salmon troll season still in limbo after orca lawsuit rulings and appeals

KCAW's Robert Woolsey has been following the lawsuit from Sitka, in the heart of the Southeast salmon troll fishing region, and says whether the king fishery will be closed this summer remains uncertain.
a meeting

Sitkans take to mic to share thoughts on cruise traffic

A tourism town hall was packed with close to 100 people. Just under 30 shared their thoughts on what number of cruise visitors is right for Sitka.
a statute outside

Alaskans will no longer need college degrees for most state jobs

Future job postings will list relevant experience that can substitute for college degrees when reasonable, according to Gov. Mike Dunleavy's order.
planes parked on tarmac

U.S. fines American Airlines for dozens of long tarmac delays

It's the largest such fine against an airline since rules covering long ground delays took effect about a decade ago.
the trans-Alaska pipeline

Energy leaders in Anchorage make the case for Alaska LNG pipeline — again

U.S. officials say the proposed 800-mile pipeline, long plagued by its high cost, could be a “strategic tool” for the country.
Two crew men shovel a deck full of fish on board a large boat

Tons of fish caught in Russia sold in America, despite import ban

Fish valued at several hundred million dollars are able to evade the ban by diverting to China first.
a line of people hold a banner that says #ExxonKnew

Exxon climate predictions were accurate decades ago. Still it sowed doubt.

Exxon's climate research decades back painted an accurate picture of global warming, according to a new scientific paper. Still, the oil company continued climate-denying policy efforts.
a ferry

After a false start, Alaska prepares to solicit bids for new mainline ferry

The Alaska Department of Transportation expects to issue a new request for proposals from American shipyards next month to replace the Tustumena.

Lawmakers: TransCanada buyout likely, but is state ready?

Lawmakers say it’s all but inevitable they'll approve the governor’s request to buy out TransCanada and take a larger stake in the Alaska LNG project. But they are raising concerns about the state’s ability to take the company’s place. Download Audio
Rohit Chopra

Why a financial regulator is going after health care debt

The Consumer Financial Protection Bureau, created after the Great Recession of 2007-09, has increasingly started policing the health care system.
caribou

Oil field road traffic disrupts North Slope caribou more than previously recognized

A new study adds to mounting evidence about caribou sensitivity to roads, raising questions about further development in their habitat.
the Supreme Court

Supreme Court denies Alaska’s bid to revive proposed Pebble Mine

The justices turned away the state’s attempt to sue the Biden administration directly over its desire to revive the mine, blocked last year by the EPA.
a Canadian cabin

Matanuska ferry’s uncertain future complicates Southeast Alaskans’ Canada trips

Extended repairs to the Matanuska have left no state ferries serving the Canadian port of Prince Rupert, with planned sailings canceled.
cars

Why car prices are still so high — and why they are unlikely to fall anytime soon

Between the pandemic, an acute shortage of semiconductors and other supply chain snarls, vehicle production has never really returned to normal.

Solar car zips through Alaska

The vehicle, built and driven by Marcelo da Luz (LOOZ) of Toronto is headed south after stopping in Fairbanks last week. The journey journey...
Anchorage

Alaska lawmakers juggle late-session bills addressing Southcentral natural gas crunch

Bills to make storing gas easier, reduce royalties and spur new gas production, as well as energy transmission and renewable energy, are moving forward.