ASRC stands for Arctic Slope Regional Corporation. It is a for-profit corporation owned by and representing the Inupiaq people of Alaska's North Slope region. ASRC is one of the thirteen regional Native corporations created by the Alaska Native Claims Settlement Act (ANCSA) of 1971.
ASRC operates as a diversified company involved in various industries, including energy, petroleum refining, construction, engineering, and resource development. Its primary focus is on oil and gas exploration and production within the Arctic region. The corporation is also engaged in various government services, such as providing support to the U.S. military and government agencies.
With a strong emphasis on sustainable development, ASRC is committed to maintaining the cultural values, traditions, and economic well-being of its shareholders. The corporation actively works to create job opportunities, improve the standard of living, and preserve the Inupiaq heritage and land rights.
ASRC's mission is to maximize sustainable benefits for its shareholders while protecting the Arctic environment. The corporation is governed by a board of directors, elected by shareholders, who oversee the strategic direction and decision-making processes.
Overall, ASRC serves as an important economic engine for the Inupiaq people, promoting self-sufficiency and long-term prosperity through responsible business practices and the utilization of the region's rich natural resources.
