In a recent ruling, the U.S. Internal Revenue Service determined the Alaska Gasline Development Corporation (AGDC) qualifies as a tax-exempt political subdivision of the State of Alaska under new and more stringent proposed IRS regulations.
The Department of Natural Resources has issued a decision on ConocoPhillips’ proposed 5th expansion of the Colville River Unit focused on responsible development of oil on state and Arctic Slope Regional Corp. jointly-owned lands. The decision contains key provisions related to commitments to drill and creating jobs for Alaskans.
The Trans Alaska Pipeline System (TAPS) marked its 40th anniversary of operations on June 20, 2017. At 800 miles in length, TAPS is one of the world's largest pipeline systems, an engineering icon that was the biggest privately funded construction project when built in the 1970s.