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
After a long, multibillion dollar effort, Royal Dutch Shell said that it will "cease further exploration activity in offshore Alaska for the foreseeable future" following disappointing test drilling results this summer.Dan Joling | Associated Press
Gov. Bill Walker resurrected a decade-old idea in proposing a tax on undeveloped North Slope natural gas reserves, which he wants to use to push oil companies forward on construction of a pipeline megaproject.Nathaniel Herz
In a Friday morning press conference, Alaska Gov. Bill Walker explained why he called for an Oct. 24 special session of the Alaska Legislature to discuss new bills on taxing natural gas still in the ground and buying out TransCanada's interests in the proposed natural gas pipeline.