The Alaska Gasline Development Corporation, which has been leading the proposed multibillion-dollar Alaska North Slope natural gas project since late 2016 wants someone else to take over the development effort.
Mayor Ethan Berkowitz, ISER Economist Mouhcine Guettabi, and Anchorage Economic Development Corporation President and CEO Bill Popp provided an economic update addressing business concerns as Alaska slowly begins to reopen.
Governor Mike Dunleavy submitted a revised plan for the equitable distribution of the Federal Coronavirus Aid, Relief, and Economic Security (CARES) Act funding.
Alaska Air Cargo announced it will fly passenger jets as cargo-only flights to carry essential goods like mail, medical equipment, e-commerce packages, and food throughout its domestic network.
University of Alaska President Jim Johnsen and all senior administrators in the university system, including faculty who hold significant administrative leadership roles, will take mandatory furloughs during the coming fiscal year to help relieve budget pressures.
BP confirmed its commitment to completing the sale of its Alaska business to Hilcorp, first announced in August 2019. Subject to regulatory approvals, the parties expect to complete the transaction in June 2020.