Murkowski: $1 Billion Can Be Raised by Opening Alaska Refuge to Drilling

Sunday, 05 November 2017, 07:36:22 PM. Sen. Lisa Murkowski, R-Alaska, is confident $1 billion can be raised over 10 years and help offset the costs of tax cuts by permitting oil drilling in the Arctic National Wildlife Refuge, the Washington Examiner reported.
Sen. Lisa Murkowski, R-Alaska, is confident $1 billion can be raised over 10 years and help offset the costs of tax cuts by permitting oil drilling in the Arctic National Wildlife Refuge, the Washington Examiner reported. "The first 10 years are just the start of a 40-year period where responsible production raises billions of dollars in revenues for our country every year," Murkowski said at the opening of a hearing to discuss the issue. "We will see the benefits over decades, not just over the 10-year budget window." Matthew Rexford of the Village of Kaktovik, within the #1002area , testified on responsible energy development in Alaska — Sen. Lisa Murkowski (@lisamurkowski) November 2, 2017 Rexford: “.. we know development in ANWR can be done safely because it’s already being done safely- all over the Arctic.” #1002area #ANWR — Sen. Lisa Murkowski (@lisamurkowski) November 2, 2017 Rexford: “Now is the time to open ANWR, to measure exploration & development for the benefit of our community, all of Alaska, & the nation.” — Sen. Lisa Murkowski (@lisamurkowski) November 2, 2017 A budget resolution passed by both the House and Senate instructs lawmakers to create legislation to raise the money by opening a section of the refuge called "1002" to drilling, the Examiner noted. "We are not asking to develop all of the 1002 area," said Murkowski, who chairs the Senate Energy and Natural Resources Committee. "We are asking for 2,000 acres, about one ten-thousandth of ANWR. We have...Read more
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