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Shell to cut jobs to cope with long period of cheap oil

...announced deep cuts to jobs and investment on Thursday as the global energy giant prepares for a prolonged period of low oil prices.Shell expects to eliminate 6,500 staff and contractor positions this year as it seeks to reduce operating costs...

http://juneauempire.com/state/2015-07-31/shell-cut-jobs-cope-long-period-cheap-o
State
Alaska Gov. Bill Walker announces intent to expand Medicaid

...it would be "foolish" to pass up federal money that could help the economy of a state facing budget deficits amid low oil prices.Senate Finance Committee co-chair Pete Kelly said regardless of the federal money, the state can't afford the...

http://juneauempire.com/state/2015-07-16/alaska-gov-bill-walker-announces-intent
State
My Turn: Why I vetoed $200 million in oil tax credits

...these reductions, we still have to draw $2.7 billion from savings to make up for state revenue losses caused by low oil prices.Writing a budget to meet our changing circumstances required a team effort. The budget I introduced to the Legislature...

http://juneauempire.com/opinion/2015-07-12/my-turn-why-i-vetoed-200-million-oil-
Opinion
Empire Editorial: Walker's tax credit cut a fair move

...Pipeline System.Slashing payouts to the oil industry is the necessary move if Alaska is ever to balance its budget amid low oil prices. No entity, whether private business or governmental, should be getting a free ride, let alone taking more from...

http://juneauempire.com/opinion/2015-07-05/empire-editorial-walkers-tax-credit-c
Opinion
Walker uses veto ax on oil tax credits

...incentives that don't drain its resources, he said.The state is running deficits, a situation exacerbated by low oil prices, and is using money from savings to balance the budget.In a letter to legislative leaders Monday, in which he announced...

http://juneauempire.com/state/2015-07-01/walker-uses-veto-ax-oil-tax-credits
State
Gov. Walker pitches TransCanada buyout

...financing a larger state share of the project in view of Alaska's diminished finances, which are currently stressed by low oil prices and a sharp drop in state revenues.The Heads of Agreement signed by the project participants with former Gov. Sean...

http://juneauempire.com/state/2015-06-11/gov-walker-pitches-transcanada-buyout
State
Where things stand in the state

...Here's a look at where things stand: HOW DID WE GET HERE?The state faces multibillion-dollar deficits amid low oil prices and needs to use savings to help balance the budget. Alaska has billions of dollars in reserves, including in the...

http://juneauempire.com/local/2015-06-03/where-things-stand-state
Local
Senate Finance rolls out proposal meant to spur talks

...cost-of-living increases in negotiated union contracts at a time when the state faces multibillion-dollar deficits amid low oil prices and state positions are being cut.The House plan also was incomplete, still needing language to be added to authorize...

http://juneauempire.com/state/2015-06-01/senate-finance-rolls-out-proposal-meant
State
Impasse remains as few lawmakers return

...expanded Medicaid.Republicans have balked at adding to the budget, given the huge deficits the state faces amid low oil prices, and have resisted minority proposals, such as revisiting oil tax credits, to help offset Democratic proposals...

http://juneauempire.com/local/2015-05-13/impasse-remains-few-lawmakers-return
State
Impasse remains as lawmakers reconvene in Juneau

...Republicans have balked at adding to the budget, given the multibillion-dollar deficits the state is facing amid low oil prices, and they've resisted minority proposals such as revisiting oil taxes, to help offset the Democrats' proposals...

http://juneauempire.com/state/2015-05-12/impasse-remains-lawmakers-reconvene-jun
State

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