Economy

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

Biden approves Willow oil project, announces new limits elsewhere in NPR-A

The Biden administration announced Monday that it will approve ConocoPhillips' Willow project in the National Petroleum Reserve-Alaska.
a small red and white plane parked on a tarmac

Kenai airport looks at adding another airline after Ravn’s departure

That's the long-term plan. In the short-term, the current airlines servicing the airport are adding more flights.

Study: Carbon emissions from northern fires likely underestimated

A recent study indicates fires in the Yukon Flat region of Alaska are releasing more carbon into the atmosphere than previously thought. Download Audio
a square building with a large black chimney with a sign that reads "Trident Seafoods"

3 seafood processors announce closures, selloffs following historic price collapse for Alaska fishing industry

Three major seafood processors in Alaska have announced plans to sell off their plants or temporarily close for the upcoming fishing seasons. Trident, Peter Pan Seafood Company and most recently OBI Seafoods – just last month – have all cited turbulent market conditions for their decisions.

LISTEN: How Alaska’s non-profits are feeling the impact of the COVID-19 pandemic

Alaska’s economy and it's businesses are facing great uncertainty amid the COVID-19 pandemic. And the non-profit industry is no exception.

Anchorage entrepreneur named finalist for national award spotlighting Black community leaders

Jasmin Smith is an entrepreneur who was nominated for the inaugural theGRIO Hero award.
a Wells Fargo bank

Wells Fargo branch in Bethel files for unprecedented union elections

Employees at Bethel’s Wells Fargo, along with a branch in Albuquerque, N.M., filed paperwork to form a new union on Nov. 20.

Gas line team reshuffle puts scrutiny on high salaries

As the state prepares to take a larger role in the Alaska LNG gas line project, its leadership team is once again in flux. The changes are bringing new attention to the salaries involved -- including one negotiator who has been paid about $120,000 a month since June. Download Audio
a sign

Rural Chugach Electric customers deal with ‘excessive’ winter outages

The utility says the primary culprit is the above-average snowfall that has impacted all of Southcentral Alaska this winter.
the Alaska state ferry Columbia

Flagship ferry Columbia will serve Southeast for the first time since 2019

The Columbia will take over for the state ferry Matanuska, which will undergo repairs for damage found during maintenance.
a rock above Skagway's cruise ship docks

Large rock throws wrench into Skagway’s cruise ship schedule

Some cruise lines have misgivings about tying onto part of a Skagway dock because of the danger posed by a large rock high above it.

One Alaskan’s experience with electric vehicles

https://youtu.be/JM0dAYL8JuU
A gray concrete building labeled Eklutna Power Plant along a snowy road

The governor has a big decision to make about the Eklutna River and hydro project. Here’s what to know. 

The governor has an Oct. 2 deadline to review the plan, comments, any alternatives, and try to smooth out any disagreements.
a sign

BSNC invests $2M in Graphite Creek drilling project near Nome

Bering Straits Native Corp. is ready to invest more than $10.4 million in the project, following $37.5 million from the U.S. Department of Defense.

U.S. Senate passes Murkowski’s energy modernization bill

The U.S. Senate this morning passed Sen. Lisa Murkowski’s energy modernization bill, by a vote of 85-12.
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.

Shell to abandon Arctic offshore drilling ‘for the foreseeable future’

Shell Oil announced late Sunday night that it is abandoning offshore drilling in Alaska “for the foreseeable future.”