December-Issue-3 2012

 

Archive »AJC Issue Archive Departments

ConocoPhillips reaches deals over Alaska spills

ConocoPhillips has agreed to federal and state civil penalties of about $200,000 for spills of crude oil and contaminated water from corroded pipe in Alaska's Kuparuk Oil Field in 2006 and 2007.

Obama to press for policy changes after shooting

Spurred by a horrific elementary school shooting, President Barack Obama tasked his administration Wednesday with creating concrete proposals to reduce gun violence that has plagued the country.

State Dept security chief resigns after Benghazi

An administration official says the chief of the State Department's security service, one of his deputies and an official from the agency's Middle East bureau have resigned after a damning report that found systematic management failures responsible for a lack of security at the U.S. diplomatic mission in Benghazi, Libya.

Stocks move in a tight range on Wall Street

Stocks meandered near break-even Wednesday as talks aimed at averting a "fiscal cliff" hit another snag in Washington. General Motors stock surged after the government announced plans to shed its ownership stake in the company.

White House threatens veto of GOP budget plan

The White House threatened Wednesday to veto House Speaker John Boehner's backup plan for averting the "fiscal cliff," saying it was time for Republicans to stop political posturing and continue trying to reach a compromise deficit-cutting package.

Hawaii's Inouye, senator and war hero, dies at 88

On Dec. 7, 1941, high school senior Daniel Inouye knew he and other Japanese-Americans would face trouble when he saw Japanese dive bombers, torpedo planes and fighters on their way to bomb Pearl Harbor and other Oahu military bases.

Stocks gain on optimism that a budget deal is near

Stocks edged higher on Wall Street Tuesday amid optimism that lawmakers are closing in on a budget deal that will stop the U.S. from going over the "fiscal cliff" at the beginning of next year.

ConocoPhillips to sell Algerian unit

ConocoPhillips, as part of its massive downsizing effort, has agreed to sell its business in Algeria to Indonesia's state-owned oil and gas company Pertamina for $1.75 billion.

Fiscal cliff efforts ongoing, Boehner offers plan

President Barack Obama and House Speaker John Boehner pushed ahead on negotiating a broad deal to avert the "fiscal cliff," even as the GOP leader readied a backup plan Tuesday to pressure the White House with little time left to avoid a double hit on the economy.

EU committee backs reforms to salvage fish stocks

The European Union on Tuesday took a significant step towards protecting its threatened fish stocks when a parliamentary committee backed a series of reforms aimed at boosting fish supplies to sustainable levels by 2020.

Parnell announces $12.8B proposed state budget

Gov. Sean Parnell on Friday announced a proposed state budget that would limit growth in operating costs to less than 1 percent.

Chinese fund backs group exploring 2 Alaska sites

Heatherdale Resources, the company exploring for copper, gold, zinc and silver at the Niblack Project site on Prince of Wales Island, has reached a $3 million financing deal with a fund representing Chinese investors.

State files final list of Susitna hydro studies with FERC

The Alaska Energy Authority filed a proposed final list of studies Friday for the agency’s federal license application to build a proposed 600-Megawatt, $4.75 billion hydro project on the upper Susitna River, north of Anchorage, a spokeswoman for the state agency said.

Furie seeks permit for new platform

An independent oil and gas explorer has applied for an Army Corps of Engineers permit to build a new production platform in Cook Inlet’s Kitchen Lights Unit.

Stocks move higher as budget talks progress

Stocks rose on Wall Street as investors were encouraged by signs of progress in budget talks in Washington. Just two weeks remain before tax increases and government spending cuts take effect if no deal is reached.

Cheaper gas lowers US consumer prices 0.3 percent

A steep fall in gas costs pushed down a measure of U.S. consumer prices last month, keeping inflation mild.

Treasury spells out rules on taxing of tribes

Taxes cannot be levied on honoraria to a shaman or spiritual leader for religious services, but could be assessed on per-capita payments from gambling revenues to tribal members, under a proposal for taxing Native Americans by the Internal Revenue Service.

Bill to extend fed insurance plan dies in Senate

A federal program giving unlimited insurance guarantees to some no-interest bank accounts, enacted at the height of the financial meltdown, will die out at the end of the year following defeat of a Senate plan to extend it.

Asia stocks stutter as Japan confidence falls

Biologist: Tsunami debris overwhelming in spots

Debris that gathered this past summer on Alaska's Kayak Island made walking on its beaches feel like walking through a natural disaster zone, a federal biologist said Thursday.

Archive »Transportation

Interior Dept. officials in Alaska seek control of vendor pay

Changes to Department of Interior contracting procedures have left some Alaska pilots without pay and the future of their work with the department in limbo.

Archive »Oil & Gas

ConocoPhillips reaches deals over Alaska spills

ConocoPhillips has agreed to federal and state civil penalties of about $200,000 for spills of crude oil and contaminated water from corroded pipe in Alaska's Kuparuk Oil Field in 2006 and 2007.

ConocoPhillips to sell Algerian unit

ConocoPhillips, as part of its massive downsizing effort, has agreed to sell its business in Algeria to Indonesia's state-owned oil and gas company Pertamina for $1.75 billion.

Furie seeks permit for new platform

An independent oil and gas explorer has applied for an Army Corps of Engineers permit to build a new production platform in Cook Inlet’s Kitchen Lights Unit.

Gov proposes state-financed LNG project on Slope

The State of Alaska would finance $355 million of a liquefied natural gas project on the North Slope to support an LNG trucking operation as well as LNG re-gasification facilities near Fairbanks, Gov. Sean Parnell announced Dec 7.

ExxonMobil: ‘We’re go’ at Point Thomson

ExxonMobil Corp. has mobilized contractors to start construction on a multi-billion-dollar natural gas cycling and condensate production project at Point Thomson, a large but undeveloped Alaska gas discovery, a company spokeswoman said Dec. 7.

Cook Inlet Energy files application, plans for pipeline

State officials on Dec. 5 published Cook Inlet Energy’s recently-submitted plans and right-of-way application to build a 29-mile pipeline across Cook Inlet to connect west side oil production with east side processing facilities.

Southcentral gas supplies tight; producers to the rescue?

The weather has been cold and natural gas supplies in Southcentral Alaska are very tight. Enstar Natural Gas Co. distributed near-record amounts of gas in its system during recent cold weather and is drawing down supplies from a new gas storage facility on the Kenai Peninsula.

Archive »Alaska Politics

Parnell announces $12.8B proposed state budget

Gov. Sean Parnell on Friday announced a proposed state budget that would limit growth in operating costs to less than 1 percent.

Archive »National Politics

State Dept security chief resigns after Benghazi

An administration official says the chief of the State Department's security service, one of his deputies and an official from the agency's Middle East bureau have resigned after a damning report that found systematic management failures responsible for a lack of security at the U.S. diplomatic mission in Benghazi, Libya.

Obama to press for policy changes after shooting

Spurred by a horrific elementary school shooting, President Barack Obama tasked his administration Wednesday with creating concrete proposals to reduce gun violence that has plagued the country.

White House threatens veto of GOP budget plan

The White House threatened Wednesday to veto House Speaker John Boehner's backup plan for averting the "fiscal cliff," saying it was time for Republicans to stop political posturing and continue trying to reach a compromise deficit-cutting package.

Stocks gain on optimism that a budget deal is near

Stocks edged higher on Wall Street Tuesday amid optimism that lawmakers are closing in on a budget deal that will stop the U.S. from going over the "fiscal cliff" at the beginning of next year.

Fiscal cliff efforts ongoing, Boehner offers plan

President Barack Obama and House Speaker John Boehner pushed ahead on negotiating a broad deal to avert the "fiscal cliff," even as the GOP leader readied a backup plan Tuesday to pressure the White House with little time left to avoid a double hit on the economy.

Archive »Finance

Stocks move in a tight range on Wall Street

Stocks meandered near break-even Wednesday as talks aimed at averting a "fiscal cliff" hit another snag in Washington. General Motors stock surged after the government announced plans to shed its ownership stake in the company.

Stocks gain on optimism that a budget deal is near

Stocks edged higher on Wall Street Tuesday amid optimism that lawmakers are closing in on a budget deal that will stop the U.S. from going over the "fiscal cliff" at the beginning of next year.

Parnell announces $12.8B proposed state budget

Gov. Sean Parnell on Friday announced a proposed state budget that would limit growth in operating costs to less than 1 percent.

Stocks move higher as budget talks progress

Stocks rose on Wall Street as investors were encouraged by signs of progress in budget talks in Washington. Just two weeks remain before tax increases and government spending cuts take effect if no deal is reached.
St. Pierre powers new Pita Pit franchise

St. Pierre powers new Pita Pit franchise

Billy St. Pierre radiates so much energy it seems like he could be hooked to a generator and light up the Anchorage Fifth Avenue Mall.

Archive »Editorials

EDITORIAL: Setting it straight on EPA review, DC numbers games

In my Dec. 2 editorial on the peer review of the Environmental Protection Agency assessment of risks from mining to the Bristol Bay watershed, I advised the agency to “take its medicine” from experts who found fault with aspects of the hypothetical mine scenario used in the document.

Putting money in hands of small business

For two years in a row the U.S. Small Business Administration has helped to put more than $30 billion into the hands of small business owners across the country.

Archive »Movers and Shakers

Movers & Shakers 12/16/12

Movers & Shakers 12/16/12

Archive »Mining

Chinese fund backs group exploring 2 Alaska sites

Heatherdale Resources, the company exploring for copper, gold, zinc and silver at the Niblack Project site on Prince of Wales Island, has reached a $3 million financing deal with a fund representing Chinese investors.

Archive »Fishery Stories

EU committee backs reforms to salvage fish stocks

The European Union on Tuesday took a significant step towards protecting its threatened fish stocks when a parliamentary committee backed a series of reforms aimed at boosting fish supplies to sustainable levels by 2020.
Council sets 2013 harvests, keeps charter halibut rules

Council sets 2013 harvests, keeps charter halibut rules

Pollock harvesters heard good news at the North Pacific Fishery Management Council meeting in Anchorage Dec. 5 to 11.

Delegation asks for delay in observer plan

The North Pacific Fishery Management Council revisited the new program that will place human observers on a wider range of vessels come January, but ultimately did not ask the National Marine Fisheries Service to make any additional changes.

FISH FACTOR: Latest ‘fish facts’ show Anchorage tops for permit holders

Ask an Alaskan what community is home to the most commercial fishermen and they will respond Kodiak or Dutch Harbor, or maybe Petersburg or Bristol Bay.

Fiscal cliff debate threatens ASMI int’l marketing budget

Congressional spending cuts could smack the Alaska Seafood Marketing Institute with a 40 percent reduction in future federal “Market Access Program” grants that provided more than half of the current year’s $8.58 million international promotional budget.

Bycatch reductions for chinooks, chums keep moving

Chinook and chum could receive a little extra protection in federal waters when work continues on salmon bycatch efforts.
Council asks feds for new Steller sea lion alternatives

Council asks feds for new Steller sea lion alternatives

The North Pacific Fishery Management Council approved a motion asking the National Marine Fisheries Service to include certain alternatives in its new environmental impact statement, or EIS, for efforts to protect Steller sea lions in the western Aleutian Islands.

Archive »General News

Hawaii's Inouye, senator and war hero, dies at 88

On Dec. 7, 1941, high school senior Daniel Inouye knew he and other Japanese-Americans would face trouble when he saw Japanese dive bombers, torpedo planes and fighters on their way to bomb Pearl Harbor and other Oahu military bases.

State files final list of Susitna hydro studies with FERC

The Alaska Energy Authority filed a proposed final list of studies Friday for the agency’s federal license application to build a proposed 600-Megawatt, $4.75 billion hydro project on the upper Susitna River, north of Anchorage, a spokeswoman for the state agency said.

Fed projects high unemployment for next three years

WASHINGTON (AP) — The Federal Reserve projects the unemployment rate will stay elevated until late 2015, suggesting it will keep short-term interest rates low for the next three years.
Brinksmanship on Medicaid expansion for states

Brinksmanship on Medicaid expansion for states

WASHINGTON (AP) — It’s health care brinksmanship, with hundreds of billions of dollars and the well-being of millions of people at stake.

Surprise: New insurance fee in health overhaul law