BARROW, Alaska, Nov. 18, 2016 /PRNewswire/ -- Following today's announcement from the Department of the Interior, regarding the final offshore leasing program for 2017-2022, Arctic Slope Regional Corporation would like to issue the following statement:
ASRC is disappointed that BOEM's 5-year OCS leasing plan fails to include Arctic leasing. This plan ignores the needs and voices of the Iñupiat who support responsible OCS development. Critical habitat designations coupled with a ban on OCS development in the Arctic will continue to endanger our communities with no regard for the future health of our people and region. This plan cripples our ability to answer the mandate from Congress under the Alaska Native Claims Settlement Act of 1971 which requires us to return benefits to our people.
Earlier this week, ASRC announced it had purchased federal leases in and near Camden Bay. These leases in the Beaufort Sea were formally owned by Shell. While today's announcement from the DOI does not directly affect these leases, regulatory actions such as this negatively impact the interest in responsible development of the Arctic OCS.
Arctic Slope Regional Corporation is owned by and represents the business interests of the Arctic Slope Iñupiat. Since opening enrollment in 1989 to Alaska Natives born after 1971, the corporation's shareholder base has nearly tripled, growing from the 3,700 original enrollees to around 13,000 today. Corporate headquarters are based in Barrow, Alaska, with administrative and subsidiary offices located in Anchorage and throughout the United States. ASRC, along with its family of companies, is the largest Alaskan-owned company, employing approximately 10,000 people worldwide. The company has six major business segments: petroleum refining and marketing, energy support services, industrial services, construction, government services and resource development.
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SOURCE Arctic Slope Regional Corporation