June 18, 2018
Calista Corporation Supports Continued ANCSA Revenue Sharing
(Anchorage, Alaska) – Calista Corporation supports revenue sharing for any revenue developed from the newly-opened Arctic National Wildlife Refuge (ANWR) 1002 area.
Calista appreciates the efforts of Representative Don Young and Senators Lisa Murkowski and Dan Sullivan to include language in the House Interior Appropriations Bill that would distribute three percent of the non-federal share of ANWR revenue to Alaska Natives. This provision must now be considered by the full United States House of Representatives and be accepted by the United States Senate before it can be signed into law by the President.
“The people of the Calista Region appreciate the commitment of our Congressional delegation to upholding the spirit and intent of ANCSA. Calista leadership will continue to work with our delegation and others in Congress to ensure that this revenue sharing provision is signed into law,” said Calista President/CEO Andrew Guy.
The second largest of the original 13 Alaska Native Corporations, Calista Corporation was established under the Alaska Native Claims Settlement Act of 1971 and represents approximately 25,600 Shareholders. The Calista Region encompasses more than 6.5 million acres and includes 56 villages, which are incorporated into 46 individual village corporations. Since 1994, Calista has provided more than $4 million in scholarships to its Shareholders and Descendants. Since inception, Calista has declared more than $55.6 million in dividends and $5.7 million in Elders’ Benefit Program distributions to Shareholders.
Calista Corporation is the parent company of more than 30 subsidiaries in the following industries: military defense contracting, construction, real estate, environmental and natural resource development, marine transportation, oil field services and heavy equipment sales, service and rentals. Calista can be found on Facebook (www.facebook.com/CalistaCorporation) and Twitter (http://twitter.com/CalistaCorp).