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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 ...
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.
Meanwhile, BofA analysis shows prices could drop to an average of $65 per barrel in 2025, particularly if the Organization of Petroleum Exporting Countries (OPEC) decides to bring barrels back ...
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.
Checks from Alaska's oil-wealth fund will begin going out to residents three months early, Gov. Mike Dunleavy said, citing economic hardships caused by the coronavirus. ... This year's check is ...
Alaska Sues Biden Administration For 'Irrational' Restrictions On Trump-era Oil And Gas Drilling Mandate "It is morning again in Alaska," Republican Sen. Dan Sullivan posted to X Monday evening.
Alaska on Wednesday sued the Biden administration over restrictions the federal government imposed in December on oil and gas leases in the Arctic set for auction this week. The lawsuit alleges ...
It started production in 1982, peaking in 1992. As of 2019, it produced approximately 71,021 barrels per day (~3.539 × 10 ^ 6 t/a) of oil for ConocoPhillips and has been estimated to have 2 billion barrels (320 × 10 ^ 6 m 3) of recoverable oil reserves. [1] It is named for the Kuparuk River.