his magazine launched its first issue in January of 1985, and throughout that debut year our cover featured photographs of various industries and individuals. After 1986, and continuing to today, Alaska Business covers are a mix of photography, illustrations, and graphics. But in 1986, the covers were all illustrated, a fascinating twelve-month sketchbook of the significant issues confronting our readers.
In 1986 the top five by revenue were Carr-Gottstein Foods Co., Sealaska, Alaska International Industries (owner of MarkAir), TravelCenter, and National Bancorp of Alaska. At the time, the criteria for the Top 49ers were “the largest for-profit companies—those owned at least 51 percent by Alaskan residents with the greatest sales volume.” The criteria have since been refined to reflect that the companies were launched in Alaska, remain headquartered here, and have not been acquired, and companies report gross revenue as defined by the IRS.
Environmental interests obstructed exploration until December 2020, when the US Bureau of Land Management held a lease sale in ANWR. The response was not robust, and the leases that were awarded were then cancelled. Those cancellations were challenged in court, yet the cancellations were then rescinded by a new administration. If only this back-and-forth energy could be stored in a battery, there would never be a need to drill in ANWR.