Economy
Lower prices dim expectations for Alaska oil earnings in coming years, revenue forecast says
The report says North Slope production will rise in a few years, but state oil revenue will decline through the end of the decade.
Alaska Permanent Fund Corp. board approves 10% raise for CEO
Board chair Jason Brune said the raise comes after Mitchell got high marks on an annual performance evaluation.
New study aims to fill in the data gaps on EV use in rural Alaska
The study doesn’t promote EVs, but aims to better understand their usage in rural Alaska and clarify misconceptions about them.
2 Alaska seafood processors to pay $2.1M in wage lawsuit settlement
Workers at OBI Seafoods and Ocean Beauty Seafoods had sued the companies over wage violations during the COVID-19 pandemic.
Alaska Airlines drops early bird Juneau-Seattle flight for winter
A spokesperson for the airline cited low demand for the flight during the winter months as the reason for the suspension.
New contract between Enstar and small producer could help delay natural gas shortage in Southcentral Alaska
But Enstar’s president warned of risks as some of the gas supply will depend on future drilling.
Kenai gets nearly $80K in fishery disaster funds from feds
Most of the money is coming from the east side setnet fishery’s 2018 season and the 2020 Upper Cook Inlet salmon fishery season.
Some popular Juneau trails could soon be open to guided tours — while others would off limits
The recommendations would revise tourism rules at 13 locations across Alaska's capital city.
Albertsons sues Kroger and ends failed grocery megamerger
The lawsuit over a deal to combine the two largest U.S. supermarkets came just a day after it was blocked in two federal courts.
Alaska advocates celebrate halted Kroger-Albertsons merger
As part of the merger, the companies were prepared to sell off 18 of the state’s grocery stores.
Kroger and Albertsons grocery megamerger halted by 2 courts
Two rulings — in federal and state courts — make it increasingly likely that Kroger might abandon its $24.6 billion plan to buy Albertsons.
Biden administration includes restrictions in Arctic refuge oil lease sale
In its decision, the BLM limited the lease sales to 400,000 acres, which is one-quarter of the coastal plain section of the refuge.
Recognition grows for children’s Sugt’stun language game
An app that teaches Sugt'stun language and school readiness skills to preschoolers has received several awards since its 2023 release.
Tribal group appeals Clean Water Act permit for contentious gold dredging project near Nome
The permit would allow the company behind the project to discharge a limited amount of pollutants into an estuary about 30 miles from Nome.
Settlement requires corrective actions at 2 Alaska plants formerly operated by Peter Pan Seafood
Plants in King Cove and Valdez had longstanding waste violations, and Peter Pan's successors must take compliance measures.
Southcentral mayors say time is running out for utilities to address looming natural gas shortfall
Alaska’s Railbelt largely relies on liquified natural gas from Cook Inlet, though experts predict that the demand for LNG will outweigh the supply from local fields by around 2027.
Alaska wages outpaced inflation for the first time in 3 years
A new report from the state Department of Labor and Workforce Development found that Alaskans’ average pay rose 5.2% in 2023, surpassing the 1.5% inflation.
Southeast Alaska set to lose nearly a fifth of its population by 2050, report says
The state document bases the projection on a mixture of increased outmigration and deaths outnumbering births in the region.
China bans export of critical minerals to U.S. as graphite mine near Nome pushes forward
The massive Graphite One project could become the largest U.S. source of the mineral as China reviews graphite exports.
Court upholds a U.S. ban on TikTok
An appeals court agreed that the viral video app must be sold off by its China-based parent company.
A new study touts the economics of building the Alaska LNG Project, but some lawmakers have doubts
If it’s built, the full pipeline project would move natural gas from the North Slope to Nikiski, where it'd be prepared for shipment overseas.
Increase in Port of Alaska surcharge could raise price on goods
But Anchorage officials said it probably won’t be very noticeable to the average Alaskan.
Record-low Bering Sea ice conditions of 2018 expected to be repeated in coming years
As the Northern Bering Sea ecosystem emerges from extraordinary warmth, a study warns of likely future occurrences.
Alaska’s state-backed housing lender relaunches $10K rebate for new energy-efficient homes
The Alaska Housing Finance Corp. will offer a $10,000 credit for roughly 650 new homes that receive a five-plus or six-star energy efficiency rating.
How a hydroponic garden at Angoon’s high school is cultivating food sovereignty
The facility is a way for the community to have more control over its food, much of which is barged or flown in.
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