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Governor Dunleavy Proposes Alaska LNG Bill with Corporate Tax Compromise Amid Gas Crisis

Governor Dunleavy Proposes Alaska LNG Bill with Corporate Tax Compromise Amid Gas Crisis

Governor Mike Dunleavy of Alaska is set to introduce a new bill aimed at advancing the Alaska LNG megaproject. The bill proposes a significant property tax cut for the project while introducing a compromise on corporate income tax. Specifically, it suggests a maximum 2% corporate income tax on oil and gas companies structured as S corporations or limited liability companies, excluding the Alaska LNG project itself. This move comes amid a third special legislative session focused on addressing the Southcentral Alaska gas crisis, which has led to fears of rolling blackouts and increased utility costs. The proposed tax rate is lower than the existing 9.4% rate for C corporations, and the bill is expected to be reviewed by lawmakers on August 20, shortly after the primary election.

Governor Dunleavy Vetoes University Fee Disclosure Bill Amid Legislative Actions

Governor Dunleavy Vetoes University Fee Disclosure Bill Amid Legislative Actions

Alaska Governor Mike Dunleavy has vetoed two bills and allowed two others to become law without his signature, extending his record for the most vetoes in a single legislative session. Among the vetoed bills was one requiring the University of Alaska to provide fee notices to students, which Dunleavy deemed unnecessary, siding with the university's existing practices. Another vetoed bill would have imposed Permanent Fund dividend-like requirements for resident hunting and fishing licenses. Meanwhile, Dunleavy permitted an agriculture bill naming the giant cabbage as the state vegetable and a local-government bill mandating budget and ethics training for school boards.

Alaska Faces Energy Challenges Amid Cold Snap

Alaska Faces Energy Challenges Amid Cold Snap

Alaska is grappling with energy challenges as a recent cold snap highlighted vulnerabilities in the state's energy infrastructure. According to Alaska Public Media, thermal power from two coal plants in Fairbanks was redirected south to help mitigate the impact of the extreme cold in Southcentral Alaska. This event underscores the ongoing energy crunch in the Railbelt region, which Republican gubernatorial candidate Click Bishop has identified as a top priority. Bishop emphasized the need for short-, mid-, and long-term energy solutions, including completing the Dixon Diversion project and reactivating the Federal Energy Regulatory Commission (FERC) licensing process for the Susitna hydroelectric project. These measures aim to enhance energy reliability and affordability across the state. (Source: Alaska Public Media, 2026-08-12, 19:08:57 GMT)

Nick Begich III's Reelection Campaign Gains Support Amidst Alaska's Political Landscape

Nick Begich III's Reelection Campaign Gains Support Amidst Alaska's Political Landscape

Nick Begich III, the incumbent Republican representative for Alaska's single seat in the U.S. House of Representatives, is running for reelection in 2026. He has received support from House Speaker Mike Johnson, who recently visited Alaska to back Begich's campaign. Begich, a member of the prominent Begich family known for its Democratic ties, has consistently aligned his voting record with President Trump. The political scene in Alaska is heating up with various candidates vying for positions, including the gubernatorial race where Governor Mike Dunleavy is stepping down. The state's unique open primary and ranked choice voting system, established in 2020, allows voters to rank candidates, which could influence the outcomes of these races.

Trump’s ‘energy emergency’ could fast-track massive expansion of Plaquemines LNG export terminal

Trump’s ‘energy emergency’ could fast-track massive expansion of Plaquemines LNG export terminal

A liquefied natural gas terminal near New Orleans is seeking a major expansion under a new Trump administration emergency permitting process

Baker Hughes to Enhance Indonesia's LNG Capacity with Subsea Systems for Kutei Northern Hub

Baker Hughes to Enhance Indonesia's LNG Capacity with Subsea Systems for Kutei Northern Hub

Baker Hughes to Enhance Indonesia's LNG Capacity with Subsea Systems for Kutei Northern Hub

European Union Increases Russian LNG Imports Amid Gas Storage Concerns

European Union Increases Russian LNG Imports Amid Gas Storage Concerns

The European Union has significantly increased its import of liquefied natural gas (LNG) from Russia, with Russian natural gas now accounting for 13.4% of the EU's total gas imports in the second quarter. This increase comes as European gas storage levels have reached a historic low, raising concerns about the upcoming winter season. According to the Center for Research on Energy and Clean Air (CREA), EU countries imported 14% more LNG from Russia in June 2026 compared to the same month the previous year. The revenue from these imports has risen to 60 million euros per day. The situation is exacerbated by the ongoing instability in the global gas market, partly due to geopolitical tensions affecting supply routes.

Summer Heatwave Brings Warmth and Sunshine Across Alaska

Summer Heatwave Brings Warmth and Sunshine Across Alaska

Alaska is experiencing a prolonged period of warm and sunny weather, with temperatures reaching the 60s, 70s, and 80s across the state. This marks the third consecutive weekend of favorable weather conditions, particularly in Southcentral, the Interior, and Southeast Alaska. While most areas remain dry, some regions like Western and Southwest Alaska are expecting rain. The warm weather is expected to continue into the following week, with no significant adverse impacts anticipated.

Senator Murkowski Advocates for Release of $41.3M in Alaska Native Education Grants

Senator Murkowski Advocates for Release of $41.3M in Alaska Native Education Grants

U.S. Senator Lisa Murkowski is advocating for the expedited release of $41.3 million in federal grants intended for the Alaska Native Education Program. These funds, which were delayed beyond the expected July 1 release date, are crucial for supporting educational initiatives tailored to the needs of Alaska Native communities. The grants are designed to provide culturally relevant curriculum, tutoring, indigenous language revitalization, and other educational supports. Murkowski has pressed U.S. Secretary of Education Linda McMahon to expedite the release of these funds, which are vital for various educational programs across Alaska.

Libyan Energy Infrastructure Faces Renewed Security Threats Amid Political Instability

Libyan Energy Infrastructure Faces Renewed Security Threats Amid Political Instability

Libya's energy sector is facing renewed security threats as political instability continues to affect the country's vital infrastructure. Key facilities such as the Zawiya refinery and the Mellitah complex have been targeted by protests and security breaches, leading to disruptions in domestic fuel supply and international export commitments. The energy sector, which is crucial to Libya's national revenue, is increasingly being used as a leverage point in the country's fragmented political landscape. These disruptions pose a significant threat to Libya's fiscal stability and its ability to maintain essential services for its population.

Fairbanks Selected to Host 2028 Arctic Winter Games, Reinstating Traditional Cycle

Fairbanks Selected to Host 2028 Arctic Winter Games, Reinstating Traditional Cycle

Fairbanks Selected to Host 2028 Arctic Winter Games, Reinstating Traditional Cycle

Congressman Dan Meuser Participates in Marcellus Shale Coalition Event Highlighting Pennsylvania's Energy Industry

Congressman Dan Meuser Participates in Marcellus Shale Coalition Event Highlighting Pennsylvania's Energy Industry

Congressman Dan Meuser Participates in Marcellus Shale Coalition Event Highlighting Pennsylvania's Energy Industry