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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 ...
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 ...
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 ...
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.
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.
Prudhoe Bay on Alaska's North Slope is the highest yielding oil field in the United States and on North America, typically producing about 400,000 barrels per day (64,000 m 3 /d). The Trans-Alaska Pipeline can pump up to 2.1 million barrels (330,000 m 3 ) of crude oil per day, more than any other crude oil pipeline in the United States.
(The data below does not seem to include shale oil and other unconventional sources of oil such as tar sands. For instance, North America has over 3 trillion barrels of shale oil reserves, [ citation needed ] and the majority of oil produced in the US is from shale, leading to the paradoxical data below that the US will finish all its oil at ...
Commonwealth North is a nonprofit, nonpartisan educational organization based in Anchorage, Alaska. Founded in 1979, it is the oldest and largest public affairs forum in Alaska. Membership is open to everyone. It has more than 350 members and annually hosts more than 25 events on political, cultural, social and economic topics.