Alaska

Alaska Gov. Bill Walker announced Monday that he has accepted financial support from the Federal Emergency Management Agency's Public Assistance Program to address damage caused by an August storm in the North Slope Borough.

Alaska Gov. Bill Walker said he will not introduce a bill to impose a property tax on natural gas leases in major reserve areas after receiving written assurances from two industry giants that they will make available their share of Alaska’s North Slope gas to a future gas pipeline project.

Alaska Gov. Bill Walker Announced this week that he is allowing the Alaska Industrial Development and Export Authority to spend up to $3.6 million, which had already been appropriated, to continue early work on a proposed bond-financed road project.

Alaska, North Dakota and Wyoming are the states most "in the crosshairs" as energy revenues look to remain low well into next year, Fitch Ratings said.

Royal Dutch Shell's decision to walk away from its unsuccessful drilling efforts in the Alaskan Arctic is credit negative for Alaska, Moody's Investors Service said Monday.

Facing a $3.5 billion deficit, Alaska Gov. Bill Walker is calling the state's legislature into special session Oct. 24 to discuss measures to monetize Alaska's untapped natural gas resources.

Alaska Gov. Bill Walker is pushing to use the Alaska Permanent Fund, traditionally used for payouts to Alaska citizens, to help close the state's budget gap.

Of the 18 states with increasing poverty rates, all but three experienced increases in median household income.

Alaska Gov. Bill Walker announced this week that he convened a meeting of the state's business leaders to discuss Alaska's fiscal future and how to reduce its multi-billion dollar budget deficit.

The oil and gas industry is pressing Congress to permit exports of crude as prices remain at the lowest since the 2008 global financial crisis. The campaign comes as Houston and other energy dependent credits face growing pain from the falling prices, according to Fitch Ratings.