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BP's departure could leave a big hole for Alaska nonprofits

Aug 29, 2019 - Associated Press Financial Wire

JUNEAU, Alaska (AP) - BP's plan to pull out of Alaska could leave a big hole for nonprofits and other programs that benefited from the oil giant's donations and its employee volunteers.

BP on Tuesday announced it would sell its Alaska assets to Hilcorp in a deal expected to close next year. BP, which has had a decades-long presence in the state, said it employs about 1,600 people in Alaska.

Its footprint has extended beyond the North Slope, where it has interests in Prudhoe Bay, othe...