Energy

Agnico Eagle Mines will build the $2.4 billion Hope Bay gold mine in Nunavut, aiming to produce up to 435,000 oz annually over 11 years, with operations expected to start in as few as four years.

Agnico Eagle Mines will build a $2.4‑billion Hope Bay gold mine in Nunavut, aiming to start operations within four years and add 400,000‑435,000 oz of gold annually, boosting Arctic economic activity.

Agnico Eagle Mines Ltd. is proceeding with a $1.7 billion gold mine in Canada’s Arctic, backed by Prime Minister Mark Carney’s government as an anchor for economic development in the region.

A proposed 800‑mile Alaska natural‑gas pipeline deal collapsed when legislators rejected a tax break and Gov. Mike Dunleavy vetoed a pension‑restoration bill, leaving the project stalled and public employees without a new pension plan.

Stak Energy’s proposed $500 million data center on Alaska’s North Slope would consume over twice the natural gas used by urban Alaska, generate up to 3 GW of power, and rely on air cooling to cut water use.

Alaska lawmakers push a new LNG tax bill to secure $121 million in revenue from 2033, tying it to a public‑pension deal that could shape the state’s long‑term energy and fiscal future.

Putin will push to secure the stalled Power of Siberia 2 pipeline that would move 50 billion cubic metres of gas annually from the Yamal Peninsula to China.

Greenland’s prime minister confirmed that a meeting with U.S. envoy Jeff Landry was constructive but did not change Washington’s plans to influence the territory, reaffirming Greenlanders’ right to self‑determination and setting clear red lines for any further cooperation.

Interior Secretary Doug Burgum toured Alaska’s North Slope, urged building the 800‑mile Alaska LNG pipeline and Ambler Road, and signed policies to convey 1.4 million acres of federal land and ease subsistence hunting, amid indigenous protests.

The 30‑year gas pact with ConocoPhillips gives Glenfarne Alaska LNG enough gas volumes to finalize Phase One, advancing a $44 bn LNG export project.

Russia's Rosatom completes the first RITM‑200 reactor unit for its Leningrad nuclear icebreaker, a step that expands the navy's Arctic icebreaking fleet and enhances maritime power capability.

Santos and Repsol’s Pikka field on Alaska’s North Slope is now producing, expected to reach 80,000 barrels per day and account for 19% of the state’s output, marking the first major crude volume influx in decades.

Interior Secretary Doug Burgum announced a plan to fast‑track oil permitting in the National Petroleum Reserve‑Alaska, aiming to authorize projects in as little as 30 days and potentially boosting Arctic crude output amid environmental concerns.

Trilogy Metals’ Arctic copper‑and‑zinc project in Alaska has been accepted into the federal FAST‑41 permitting program, marking a key step toward U.S. domestic supply of critical minerals.

Alaska’s North Slope LNG project, once stalled, now looks viable amid rising global demand, but construction costs in the tens of billions and Arctic conditions require a competitive, stable deal.

Alaska’s AIDEA approved up to $190 million for seismic testing and leasing in National Wildlife Refuge, may spark oil development but faces opposition from conservationists and Indigenous leaders.

Anchorage Daily News opinion piece contends that Alaska must support the LNG pipeline only after the governor and Glenfarne Group disclose clear cost and financing details, warning that unchecked tax cuts could jeopardize the project.

Lawmakers scramble to pass an Alaska LNG bill that would transport gas from the North Slope to southcentral Alaska, amid debates over tax breaks and a looming pension reform deadline.

Baffinland Iron Mines, unable to repay its debts, will keep the Mary River iron mine running and the Steensby expansion proceeding while seeking court protection and a potential sale.

AIDEA board authorizes $190 M to fund seismic testing and bid on Arctic National Wildlife Refuge leases, a move that could open the refuge to oil development amid debate from Indigenous communities and conservationists.

Baffinland’s planned 149‑km railway to expand the Mary River mine faces scrutiny from hunters, trappers and environmental groups over possible harm to caribou and narwhal migration routes.

Alaska’s AIDEA board approved up to $190 million for seismic testing and lease bidding in the Arctic National Wildlife Refuge, advancing oil exploration plans that have drawn support from some Indigenous leaders and opposition from conservation groups.

Trump administration plans to fast‑track oil permits in the National Petroleum Reserve‑Alaska to boost crude production in the US Arctic.

Baffinland Iron Mines can’t repay its debts but says the Mary River mine and Milne port will keep operating, with the 2026 shipping season proceeding on schedule and Inuit agreements honored, as it seeks court protection and considers a sale.

Hunters, trappers, and environmental groups in Nunavut are opposing Baffinland's planned 149‑km railway and mine expansion, citing risks to caribou and narwhal populations and the need for greater community consultation.