Video Clips

Quoted moments from Alaska public meetings, hearings, and press conferences.

Bert Stedman

“we've talked about that 40, mid-40 range cost factor, and some of us believe it's complete nonsense, right? It's an old number that's not relevant, and we'll get into that when we get into our modeling in a couple of days. But if they do the, you know, 70% debt level, there is the government loan guarantees and backing that we need to to get an understanding for over the next several days what that entails. But my understanding from the federal folks that I've talked to, it's if you do 20 years, it's 20 years plus 3/8 on the government bond. If you do 30-year financing, it's 30-year government bonds plus 3/8.”

SFIN-260528-0900 · May 28, 2026

0:50

Nicholas Fulford

“one of the key challenges for this project when you're probably looking at $30 billion or so of debt, is between now and FID, the people providing that $30 billion have to go through this project with a fine-tooth comb and consider every kind of scenario to make sure their money is safe. So in some ways, if the project can secure $30 billion of debt, then right there, there's a relatively high degree of confidence in the project's ability to go forward.”

SFIN-260528-0900 · May 28, 2026

0:54

Nicholas Fulford

“if you, if you look at it through a DCF lens, the project is actually making a 30% saving. So instead of a discounted cash flow amounting to $4 billion, it's one that amounts to $2.8 billion.”

SFIN-260528-0900 · May 28, 2026

1:18

Nicholas Fulford

“if we were to delay any property tax collection until 2036, but but also ensure that that missing tax, for want of a better term, is collected over time, you know, what would that look like?”

SFIN-260528-0900 · May 28, 2026

0:58

James Kaufman

“one of the huge differences is the source of the gas. And so, I mean, there's things that make it such an apples and oranges comparison where I'm sure most of the gas that's being transported in these lines is not coming from state ownership with any kind of royalty or maybe very little.”

SFIN-260528-0900 · May 28, 2026

0:38

Nicholas Fulford

“most of this gas would be in private ownership, would be developed, you know, in, in under very commercial terms.”

SFIN-260528-0900 · May 28, 2026

0:47

Nicholas Fulford

“the property tax concessions, you could say, were, were roughly halved in, in 2023 as a result of this treatment for school districts.”

SFIN-260528-0900 · May 28, 2026

0:45

Nicholas Fulford

“the mechanism in Louisiana is a— well, it's a forgiveness, if you like, of property tax for a period of 10 years, after which the normal rates apply, but there's no there's no recouping of unpaid property tax.”

SFIN-260528-0900 · May 28, 2026

0:46

Nicholas Fulford

“a fixed revenue such as a volumetric tax or a PILT can work better for local communities because of the planning ability.”

SFIN-260528-0900 · May 28, 2026

0:39

Nicholas Fulford

“it's helpful to look at what some of the other states do, particularly in the lower 48 Gulf Coast states like Texas and Louisiana, where obviously there's been a huge amount of LNG development.”

SFIN-260528-0900 · May 28, 2026

1:16

Nicholas Fulford

“one of the challenges around property tax is that it does not sit happily with this idea of fiscal stability, that, you know, it can be reevaluated, it can be changed, and, you know, it's difficult to plan for.”

SFIN-260528-0900 · May 28, 2026

0:43

Nicholas Fulford

“the most significant learning, which we'll perhaps come on to, is that in offering these tax concessions for 10 years, it's kind of recognizing that with these very high capital projects, it is in that first 10 years that the economic boost given to the project by tax forgiveness is the greatest.”

SFIN-260528-0900 · May 28, 2026

0:26

Speaker A

“while the large railroads are attempting to find any avenue they can to skew the message on my amendment. Two-person crews are already the standard across all major railroads in America. There is $0 impact to their expenses and $0 impact to their bottom line.”

House: H.R. 8870, Building Unrivaled Infrastructure and Long-term Development for America's 250th Act (BUILD America 250 Act); and other matters cleared for consideration · May 21, 2026

0:24

Speaker A

“Our committee has an opportunity today to deliver on President Trump's call for stronger rail safety protections and to ensure that the tragedy we witnessed in East Palestine, Ohio, never happens again.”

House: H.R. 8870, Building Unrivaled Infrastructure and Long-term Development for America's 250th Act (BUILD America 250 Act); and other matters cleared for consideration · May 21, 2026

0:28

Speaker A

“Since the Norfolk Southern derailment in East Palestine, Ohio, in 2023, nearly 3.5 years ago, this committee has not considered rail safety legislation until today.”

House: H.R. 8870, Building Unrivaled Infrastructure and Long-term Development for America's 250th Act (BUILD America 250 Act); and other matters cleared for consideration · May 21, 2026

0:38

Speaker A

“In just one year, 22,543 hazardous material incidents on highways and only 297 freight rail hazmat incidents. But let's get that 297 down to zero.”

House: H.R. 8870, Building Unrivaled Infrastructure and Long-term Development for America's 250th Act (BUILD America 250 Act); and other matters cleared for consideration · May 21, 2026

0:57

Speaker A

“a key piece of this amendment is the two-man crew mandate. I find it absolutely fascinating that in a world where we have autonomous vehicles, no driver, autonomous trucks with no driver, we have aircraft with no pilot, and here it is, we have the only mode of transportation operating on a rail, and we say we got to have two individuals in the cab to, uh, to prevent something. The fact is there were 3 people in the cab in East Palestine.”

House: H.R. 8870, Building Unrivaled Infrastructure and Long-term Development for America's 250th Act (BUILD America 250 Act); and other matters cleared for consideration · May 21, 2026

0:39

Speaker A

“As the NTSB Chairwoman Hammoudi said in her letter to urge this committee dated 2 days ago, May 20th, She reinstated the urgent need for a comprehensive approach to address critical rail safety issues, which are included in my bipartisan rail safety amendment before us today.”

House: H.R. 8870, Building Unrivaled Infrastructure and Long-term Development for America's 250th Act (BUILD America 250 Act); and other matters cleared for consideration · May 21, 2026

0:56

Speaker A

“The Railway Safety Act protects rail workers and communities that railroads travel through, requires the placement of wayside defect detectors, strengthens penalties on railroads for safety violations, and removes older, dangerous tank cars from service sooner.”

House: H.R. 8870, Building Unrivaled Infrastructure and Long-term Development for America's 250th Act (BUILD America 250 Act); and other matters cleared for consideration · May 21, 2026

0:48

Speaker A

“since 2024, the NTSB has been on the scene of 53 rail accidents and incidents that resulted in 17 fatalities and 10 injuries. 27 Investigations are worker-related. In fact, listen, the NTSB has increased its number of rail investigations each year by 33% in 2025 over that of 2024. In 2025 alone— this is a big number, folks— 2025 alone, There was a total of 9,836 rail accidents and incidents, of which there were 969 fatalities and 6,291 injuries.”

House: H.R. 8870, Building Unrivaled Infrastructure and Long-term Development for America's 250th Act (BUILD America 250 Act); and other matters cleared for consideration · May 21, 2026

0:48

Speaker A

“the use of automated track inspection technologies, which have the capability to identify hundreds of defects compared to visual inspections, Make it possible for railroads to prioritize track maintenance and to deploy their maintenance and repair personnel more efficiently, often resulting in more maintenance job and work for employees, and most importantly, more safety.”

House: H.R. 8870, Building Unrivaled Infrastructure and Long-term Development for America's 250th Act (BUILD America 250 Act); and other matters cleared for consideration · May 21, 2026