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Week of May 4

House Panel Advances $40M Community Impact Fund for Gas Pipeline

House Resources Committee voted 7-2 to increase a community impact fund for Alaska LNG pipeline municipalities to $40 million, over the project developer's objection that it exceeds economic modeling.

Alaska Newsby Alaska News6mo ago3 min read
Capitol Room 124
Cover image for article: House Panel Advances $40M Community Impact Fund for Gas Pipeline

ConocoPhillips Cuts 12.5% of North Slope Workforce as Oil Prices Fall

ConocoPhillips laid off 12.5% of its North Slope workforce in September following its merger with Marathon Oil, affecting workers at Kuparuk, Alpine, and Willow fields as oil prices fell.

Alaska Newsby Alaska News6mo ago2 min readFrom

House panel hears tax proposal for Alaska LNG project

House panel heard a proposal to cut Alaska LNG's property tax burden from $750 million yearly by 2033 to about $200 million through a volumetric tax on gas volume.

Alaska Newsby Alaska News6mo ago4 min read
Juneau
Cover image for article: House panel hears tax proposal for Alaska LNG project

Week of Apr 27

Senate panel advances gas pipeline tax overhaul with $610M revenue target

Alaska Senate panel voted to replace property tax on gas pipelines with a volumetric tax projected to generate $610 million annually once Alaska LNG reaches full capacity.

Alaska Newsby Alaska Newsadded 6mo ago4 min read
Cover image for article: Senate panel advances gas pipeline tax overhaul with $610M revenue target

Senate unveils gas pipeline bill with $600M property tax, consumer protections

Alaska Senate rewrote the governor's gas pipeline bill to raise property taxes from $74 million to $600 million at full production and ban passing cost overruns to consumers.

Alaska Newsby Alaska Newsadded 6mo ago3 min read
Cover image for article: Senate unveils gas pipeline bill with $600M property tax, consumer protections

Oil industry opposes tax provisions in Alaska gas pipeline bill

Alaska's oil and gas industry opposes tax provisions in SB 280, warning they could make some wells uneconomic and create antitrust risks, even if the gas pipeline project never happens.

Alaska Newsby Alaska Newsadded 6mo ago4 min read
Alaska, USA
Cover image for article: Oil industry opposes tax provisions in Alaska gas pipeline bill

Alaska LNG tax bill could swing state revenue by hundreds of millions

Alaska's proposed LNG tax bill could swing state revenue by hundreds of millions depending on how regulators interpret rules for separating oil and gas costs, the Department of Revenue warned Monday.

Alaska Newsby Alaska News6mo ago4 min read
Cover image for article: Alaska LNG tax bill could swing state revenue by hundreds of millions

Week of Apr 20

Senate Resources hears LNG tax framework comparison, transparency concerns

Alaska Senate Resources Committee heard a consultant compare LNG tax frameworks and flag that lack of clarity on property taxes may be blocking project talks with stakeholders.

Alaska Newsby Alaska Newsadded 6mo ago8 min read
Cover image for article: Senate Resources hears LNG tax framework comparison, transparency concerns

More from North Slope

Senate panel hears workforce plan for Alaska LNG pipeline

Alaska LNG pipeline needs 6,600 workers by 2027, but state's shrinking workforce means most will come from outside Alaska. • Training system runs at 60 to 80 percent capacity; barriers include instructor shortages and living costs during training. • State should expand short-cycle vocational programs and consider a state apprenticeship agency to increase hiring ratios.

Alaska Newsby Alaska News6mo ago5 min read
Juneau
Cover image for article: Senate panel hears workforce plan for Alaska LNG pipeline

Senate Education Committee Advances Opioid Awareness Bill, Hears Tribal School Compact Proposal

Senate Education Committee advanced a bill requiring opioid prevention curriculum in grades 6-12. • Committee heard first presentation on allowing tribes to operate public schools through state-tribal compacts, with second hearing scheduled Monday.

Alaska Newsby Alaska Newsadded 6mo ago5 min read
downtown Juneau
Cover image for article: Senate Education Committee Advances Opioid Awareness Bill, Hears Tribal School Compact Proposal

Municipal League urges local control in Alaska LNG tax negotiations

Alaska Municipal League urged state senators to let local governments negotiate their own tax deals with Alaska LNG rather than accept a statewide formula.

Alaska Newsby Alaska News6mo ago5 min read
Cover image for article: Municipal League urges local control in Alaska LNG tax negotiations

Senate panel examines price controls, federal authority on gas pipeline

Alaska Senate panel questioned whether state price caps in Senate Bill 280 would conflict with federal authority over the Alaska LNG pipeline project.

Mattby Matt6mo ago4 min read
Cover image for article: Senate panel examines price controls, federal authority on gas pipeline

Senate panel examines LNG project economics, megaproject risks

Senate Resources Committee heard Alaska LNG faces typical megaproject cost and schedule risks. • A proposed 6-cent volumetric tax would generate roughly $2 billion for the state over 35 years but raise the project's effective tax rate to 33 percent, above competing Canadian projects. • Phased construction reduces upfront costs but introduces financing risk if later phases are delayed.

Alaska Newsby Alaska Newsadded 6mo ago6 min read
Juneau
Cover image for article: Senate panel examines LNG project economics, megaproject risks

House Resources Committee debates LNG equity stakes, rejects wildlife refuge amendments

Alaska House Resources Committee heard testimony on state equity stakes in the Alaska LNG project and rejected five wildlife refuge bill amendments on 5-4 party-line votes Friday.

Alaska Newsby Alaska Newsadded 6mo ago7 min read
Cover image for article: House Resources Committee debates LNG equity stakes, rejects wildlife refuge amendments

Senate panel examines regulatory questions on gas pipeline tax plan

Senate panel debated tax breaks and regulatory oversight for a proposed natural gas pipeline, with municipalities seeking clearer cost projections and more local control.

Alaska Newsby Alaska News6mo ago4 min read
Cover image for article: Senate panel examines regulatory questions on gas pipeline tax plan

Week of Mar 30

Mayors Oppose Alaska LNG Tax Bill, Cite Revenue Concerns

Five Alaska borough mayors told lawmakers the proposed Alaska LNG tax bill would slash municipal revenues by up to 90 percent, prompting the Senate to delay it for further review.

Alaska Newsby Alaska Newsadded 7mo ago2 min read

About North Slope

The North Slope, governed as the North Slope Borough and also called the Arctic Slope, is the region of Arctic Alaska that stretches from the Brooks Range to the Beaufort Sea. Its communities include Utqiagvik, Kaktovik, Nuiqsut, Wainwright and Atqasuk, Inupiaq villages where subsistence hunting of caribou, muskox and whales is part of life.

The region holds the oil fields of Prudhoe Bay and the National Petroleum Reserve in Alaska, and the price of its crude shapes the state budget. Recurring questions concern oil and gas lease sales, drilling permits, developments such as the Willow project, and federal rules that weigh development against subsistence hunting and wildlife such as polar bears.

Deadhorse, with its airport and oilfield camps, serves the industry, and the Dalton Highway and the trans-Alaska pipeline run south from the oil fields toward Interior Alaska. Seasonal snow roads connect villages that have no road link.

More from North Slope

Alaska Special Education Crisis: 200 Teaching Positions Unfilled Statewide

Alaska school districts cannot fill 200 special education teaching positions, forcing some schools to operate without a resident special education teacher.

Alaska Newsby Alaska Newsadded 7mo ago1 min read