AK SR2

Establishes a Senate Special Committee on the Arctic to examine Arctic-related issues in Alaska

Senate President determines committee membership size, appoints members, and designates the committee chair

Committee may meet during and between sessions of the Twenty-Ninth Alaska State Legislature and terminates upon convening of the First Regular Session of the Thirtieth Alaska State Legislature

Acknowledges Arctic region contains 30 percent of world's undiscovered natural gas and 13 percent of undiscovered oil, with the Northern Sea Route 40 percent shorter than Suez Canal shipping route

Identifies infrastructure deficit, federal regulatory uncertainty, high energy costs, and limited state land access as barriers to Arctic economic development in natural resources, shipping, and tourism