The Alaska House is hearing a bill to divest the state's Russia assets, the governor is set to propose a more limited alternative.
in Russian investments that the fund held at the end of December. They note that their current valuations are “highly speculative,” but it’s expected that they’ve plummeted in value by over 90%.
Revenue Commissioner Lucinda Mahoney, who is also a member of the Permanent Fund’s board of trustees, said on Thursday that a majority of her fellow trustees would want to hold onto the state’s Russian investments in case they increase in value again. On Thursday, Mahoney said Dunleavy’s bill would not impact the $81 billion managed by the Alaska Permanent Fund Corp. or the $50 billion managed by the Alaska Retirement Board.
“The governor was concerned about compromising returns,” Mahoney said about Dunleavy’s more limited divestment proposal.
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Alaska House hears Russia divestment bill with governor set to propose a more limited optionThe Alaska House of Representatives has started hearing a bill that would compel the state of Alaska to dump its investments in Russia, while Gov. Mike Dunleavy is set to introduce his own divestment bill next week.
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Talk of Alaska: Breaking the cycle of removal for Black and Indigenous children - Alaska Public MediaA recent study found that Alaska Native and Black children make up 65% of those in foster homes. On this week's Talk of Alaska, researchers who are investigating the disparities talk about the history behind them and their ideas for reform. Listen here:
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Alaska News Nightly: Wednesday, March 9, 2022 - Alaska Public MediaTonight on Alaska News Nightly: Gov. Mike Dunleavy criticizes the Biden administration's handling of proposed oil and mining projects. Students in Anchorage learn carpentry skills and explore a new career path. Listen here:
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Arctic Edge takes place around Alaska amid rising tensions with Russia over attack on UkraineAmerican and Canadian troops continue training around Alaska as part of Exercise Arctic Edge. The biennial drill created in 2018 is designed to help the personnel defend the Arctic.
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