Moody's Investors Service on Monday highlighted Shell's decision to cease exploration in Arctic waters off Alaska as another setback on top of prolonged low oil prices, but the agency has not announced plans to change the state's positive credit rating.
Alaska's investment earnings last year plunged by nearly 70 percent from the previous year's record earnings of $8 billion. The drop comes as state leaders are increasingly looking to use the Permanent Fund to pay for state government.Pat Forgey
Views on the impact of a Shell pullout from the already fragile Alaska economy ranged from dire to cautious Monday, from near-term job losses to long-term prospects for development in the Arctic.Alex DeMarban
Exports from Usibelli, the only operating coal mine in Alaska, will come to a halt for the rest of the year as sustained drops in global price and demand force the temporary closure of the coal loading facility in Seward.Jeannette Lee Falsey
The vast majority of Alaskans will be $2,072 richer when they receive their Permanent Fund dividend checks from the state next month, an amount unveiled Monday morning at an event hosted by Gov. Bill Walker.
The vast majority of Alaskans will be $2,072 richer when they receive their Permanent Fund dividend checks from the state next month, an amount unveiled Monday morning at an event hosted by Gov. Bill Walker.Chris Klint,Sean Doogan
The state's new financial system was supposed to make bill processing easier and even improve transparency, but instead it knocked out a tool that put hundreds of thousands of state financial transactions online.Pat Forgey
Help! I'm in rural Alaska, and my Anchorage-based supervisor has short-timer syndrome. And since I can't don't have the authority to approve trips or new hires, her negligence is really hurting my team.Lynne Curry