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BARROW, Alaska, Dec. 5, 2016 /PRNewswire/ - Arctic Slope Regional Corporation has applied to the Arctic Economic Council (AEC) to be a Northern Partner, the first such organization in the region to do so. The AEC's full member representation includes a diverse collection of business industries that operate in and outside of the Arctic.
"On behalf of Arctic Slope Regional Corporation, I am proud to submit the first application for membership as a Northern Partner," said Rex A. Rock Sr., president and CEO of ASRC. "The AEC has proven itself to be a leader in promoting sustainable business in the Arctic, and I look forward to our continued relationship".
The AEC was established by the Arctic Council during the 2013-2015 Canadian chairmanship as an independent organization aimed at facilitating Arctic business-to-business activities and responsible economic development. The AEC's vision is to make the Arctic a favorable place to do business.
There are various levels of membership at the Arctic Economic Council. Larger businesses with their headquarters located within an Arctic state may apply to join the AEC family as a Northern Partner. The application will be reviewed by the AEC executive committee before being presented to the governance committee for final approval.
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 12,000 people worldwide. The company has six major business segments: petroleum refining and marketing, energy support services, industrial services, construction, government services and resource development.
About the AEC
The AEC is a business forum established to facilitate Arctic business-to-business activities, promote responsible economic development and provide a circumpolar business perspective to the work of the Arctic Council. The inaugural meeting was held in September 2014 in Iqaluit, Nunavut Canada. It has a 42-member board from eight Arctic states and six permanent participant organizations. Finland will assume the chairmanship from the U.S. in 2017.
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