Friday’s Fast Five

Headlamp wants our followers to always be up to date with the developments in Alaska’s economy, politics, and industry. Check out this week’s rundown of the stories affecting you.

Top Story of the Week

This week, Gov. Bill Walker used his veto pen to slash next year’s state spending, including likely cuts in Permanent Fund dividends, a delay in paying tax credits for the oil industry and cuts in education programs and road projects. Walker also capped Permanent Fund Dividends at $1,000.

Top Reads of the Week

Governor fends off criticism over Alaska LNG, says oil companies back a bigger state role
Alaska Dispatch News, Alex DeMarban, June 28, 2016
Gov. Bill Walker on Tuesday shot back at what he called “misstatements” about his pursuit of an Alaska-led gas project, decrying assertions by critics that he would force the leading North Slope oil producers to market gas by threatening to put them in default on their leases.

Jahna Lindemuth is Alaska’s new attorney general
Alaska Dispatch News, Alex DeMarban, June 28, 2016
Gov. Bill Walker on Tuesday announced that Jahna Lindemuth, a civil practice attorney at the Anchorage law firm Dorsey & Whitney, will be Alaska’s next attorney general.

BlueCrest Energy launches ‘Cosmopolitan’ project at Anchor Point
KTVA, Rhonda McBride, June 27, 2016
Cook Inlet may be an aging oil field, but it still has some surprises. A Texas company struck oil in March near Anchor Point and hopes to tap a reservoir that could hold between 70 and 200 million barrels of oil.

 Quote of the Week

“We need to cut, cut, cut, cut.”Rep. Wes Keller