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The Senate-advanced proposal this year called for designating 75% of oil fund earnings' draws to government and 25% to dividend checks, and bumping that to a 50/50 split if Alaska generated an ...
Alaska Republican Gov. Mike Dunleavy unveiled a budget plan Thursday that would pay residents an oil-wealth dividend of about $3,400 next year using a formula that lawmakers have all but abandoned ...
Sovereign wealth funds — like Alaska's or Norway's Government Pension Fund Global, which is the largest in the world — are often funded by wealth generated from state-owned natural resources.
JUNEAU, Alaska (AP) — President Donald Trump's expansive executive order aimed at boosting oil and gas drilling, mining and logging in Alaska is being cheered by state political leaders who see new fossil fuel development as critical to Alaska's economic future and criticized by environmental groups that see the proposals as worrying in the face of a warming climate.
The Department of Interior's scrapping of the leases comes after the Biden administration disappointed environmental groups earlier this year by approving the Willow oil project in the petroleum ...
A: The project could produce up to 180,000 barrels of oil a day, according to the company — about 1.5% of total U.S. oil production. But in Alaska, Willow represents the biggest oil field in ...
"The opening of ANWR is projected to have its largest oil price reduction impacts as follows: a reduction in low-sulfur, light crude oil prices of $0.41 per barrel (2006 dollars) in 2026 for the low oil resource case, $0.75 per barrel in 2025 for the mean oil resource case, and $1.44 per barrel in 2027 for the high oil resource case, relative ...
Jenny Rowland-Shea, the director for public lands at the left-leaning Center for American Progress, said another concern was a leak last year of 7.2 million cubic feet of natural gas at ...