ESG - Environmental, SOCIAL and Governance

Special Reports

What Alaska is Doing

Environmental

• Alaska’s compliance program focus on protecting human health and the environment

• Alaska’s operators are continuously improving efficiencies and reducing GHG emissions

• Alaska’s anti-wasting law prohibits venting natural gas and wasting of oil

• Industry-leading environmental standards, including the lowest reportable spill threshold in the United States

• Legacy of methane capture and reinjection, with the lowest fugitive methane emissions per barrel produced in the country

• Ranked in the top quartile in average “carbon intensity;” production weight average of 17 kg CO

• Ranks 10th LOWEST among U.S. States in carbon emissions from human activities

• Alaska is the LOWEST in carbon emissions from fossil fuel state

• Extended reach drilling to access reservoirs with the lowest possible land impact

• Coexistence with healthy populations of migratory animals including polar bears, caribou, and whales

Social

• High rate of employment from Alaska Native communities

• Prominent women-led operators, support companies, and trade associations

  • In Alaska’s Oil and Gas Industry The Future is Female

  • Alaska’s Prominent Trade Associations Led By Women

  • Women’s Instrumental Role In The Early Days of Alaska’s Oil and Gas Industry

•  Alaska’s oil and gas industry accounts for more than 77,600 direct and indirect jobs and $4.8 billion in Alaska wages.

• Alaska Hire:

  • 69% of all oil and gas industry employees are residents

  • 84% of direct oil and gas company employees are residents

• Alaska’s mining industry provides 4,700 direct mining jobs in Alaska, 9,600 total direct and indirect jobs attributed to Alaska mining industry. 

• Alaska’s mining industry provides $890 million in total direct and indirect payroll,  $49 million in local government revenue, $117 million in state government revenue through mining licenses, rents, royalties, fees, and taxes, and other government-related payments. 

• Alaska’s mining industry provides $175 million in payments to Alaska Native corporations. 

• Royalty revenues support education, health programs and community infrastructure

• Resource Development Improves Alaskans Quality of Life

Governance

• Alaska Native Corporations give Indigenous communities equity in resource development and a seat at the table

• Alaska Native communities’ own resources on their lands and partner with operators

• Alaska requires public input at all stages of development and protects subsistence rights and practices