$10.9M from State North Slope Lease Sale
The annual sale saw competition for Shell’s recently relinquished offshore tracts plus the first bid on a North Slope Foothills tract in a decade.
Government
Two Minimum Wage Increases Set for 2025
Minimum wage earners get two raises in 2025. An inflation adjustment to $11.91 takes effect in January before a voter-approved hike to $13 per hour in July.
Ten Years of Fiscal Stability with SB21
In the ten years since voters upheld SB21, oil taxation has seen a decade of relative stability. Has the tax structure lived up to its promise of boosting investment in Alaska’s oil fields?
Environmental Review Wraps on Alcan Port of Entry Modernization Project
New Alcan Port of Entry project moves forward to design with permitting approvals from US General Services Administration.
The Demise of Chevron Deference
Given the breadth of federal regulation in Alaska, the state is especially sensitive to the US Supreme Court limiting bureaucratic power. Local lawyers predict how overturning the “Chevron deference” doctrine will affect resource development, tribal relations, and other legal domains.
Alaska Employment: Annual Job Growth Up Slightly in October by 2.1 Percent
Unemployment in Alaska held steady at 4.6 percent despite 7,000 more jobs than in October 2023, driven by oil and gas and construction job growth.