Russia Sanctions Spur Buying Frenzy for Ice-Breaking Tankers
The cost of oil tankers that can navigate icy waters has surged. The cost of oil tankers that can navigate icy waters has surged ahead of looming European Union sanctions Continue Reading
Alaskan Residents Receive Over $3000 In Oil Dividends
The Alaskan authorities distributed a check of over $3,000 to almost all residents of the state in payment from its investment fund that gets filled up from oil profits. Called Continue Reading
Climate activists worried after Biden releases review of Alaska oil project
The Biden administration on Friday released a new environmental assessment of a controversial oil project on Alaska’s North Slope but declined to reveal whether it was leaning toward approving a project Continue Reading
Alaska’s June wildfires break records, fueled by hot, dry weather
A record number of acres have burned this month in Alaska, forcing Indigenous people from their homes, compromising air quality and stretching firefighting resources thin. More than 1 million acres Continue Reading
A Warming Arctic Emerges as a Route for Subsea Cables
Northern countries are racing to build undersea communications cables through the waters of the Arctic, as shrinking ice coverage opens the region to new business opportunities and heightens geopolitical rivalries Continue Reading
Top oil and gas players pulling out of Alaska’s Arctic National Wildlife Refuge
Bucking political headwinds, oil and gas companies are dropping federal leases in the Arctic National Wildlife Refuge, but the state of Alaska is holding firm on seven leases held by Continue Reading
Russia Will Regret Selling Alaska If Biden Unleashes Its Energy Potential
Alaska is one of the most resource-rich states in the United States, will billions of barrels of recoverable oil reserves. Russia, which sold Alaska to the United States in 1867, Continue Reading
Three oil firms exit Arctic National Wildlife Refuge, after seeking access
Three major oil companies have given up opportunities to explore for oil in Alaska’s Arctic National Wildlife Refuge, after the industry and Republican politicians have spent decades working to gain access to Continue Reading
Deep Under the Antarctic Ice, Scientists Discover Vast Reservoir of Ancient Water
A vast reservoir of ancient water has been found thousands of feet under the ice in western Antarctica, scientists said in a paper published Thursday in the journal Science. Researchers Continue Reading
Russia’s Richest Man Owns More Melting Arctic Than Anyone
Vladimir Potanin, received a public scolding from Russian President Vladimir Putin on June 5. The broadcast came just days after his mining company, Nornickel, spilled diesel into the Arctic. Vladimir Continue Reading