Alaska News • • 42 min
video • Alaska News
I'm sorry, I'm sorry. It's okay. I'm sorry. It's okay.
I'm sorry, I'm sorry. It's okay. I'm sorry. It's okay.
I'm sorry, I'm sorry. It's okay. I'm sorry. It's okay. Good afternoon, everybody.
Well, first of all, I want to thank the House of Representatives. I want to thank the House of Representatives, a body of 40 people that voted on what industry considers, observers consider, others consider to be a pretty good bill. What you would refer to as a clean bill. There wasn't Christmas tree'd with S corp or wasn't Christmas tree'd with this issue or that issue. Not a perfect bill, but no perfect— no, there's no perfect bill here I've seen, and I've been a senator and a governor, but this was a bill that would have really worked that the House did.
And I wanna thank the House, and not only do I wanna thank the House, I wanna thank both parties in the House. That bill, I believe only 4 folks voted against it. It was beyond the supermajority, and—. Thank you. They put the needs of Alaskans first and politics last.
And that was obvious in the bipartisan nature of that vote. And that was obvious in the numbers of people that voted. I don't think anyone can argue that. And I think it needs to be recognized. They need to be recognized for that.
They wanted to get the work done. They wanted to get out of here, go back to their legislative districts, campaign, yes, but also touch base with their constituents. And I thought they did great work, and I thought they put the people first.
So there's a bill now gonna come over to the House from the Senate, and there's issues with this bill. I think the people in the Senate realizes that there's issues in this bill. That they're gonna send over to the House. And one of the biggest issues is it's after 8 o'clock. This is a massive bill with a— it's a massive project with massive ramifications.
And you all know how politics go. You know, there'll be some moments where people will say, oh, we can't do this 'cause it's so big. Yet we have a flurry of amendments on the floor that people wanna act on and vote on and try and understand in just a couple minutes. And that just simply doesn't work. And so I'm not 100% sure what the House is going to do.
We have House members here. I'll invite some of them up here in just a moment. But I got to tell you, I think the people of Alaska should be very proud of the House, should be very proud of the bipartisan nature of the work they did in the House. If you see House members in your district, you should thank them. They put— [FOREIGN LANGUAGE] They put hope and possibility above politics, way above politics.
They see the need for gas. We all see the need for gas. We're running out of gas. I mean, we've been warned for years, a couple decades, we're running out of gas. We had a cold winter in Fairbanks, record cold, number of days below zero, coldest January on record in Anchorage.
Uh-huh. I don't know what else one needs for people to say we should get something going. Now, I've been talking with industry experts, some of the big oil and gas companies. You know, what do you think of this process? What do you think of this company, Glenfarm?
What do you think of our tax situation? And these are outfits that do business all over the world. And they say, you know, Alaska has so much going for it if we could just get our act together. And we just seem to struggle in getting our act together. You know, Ted Stevens once said, and I'm gonna probably mess up the quote, but, "To hell with politics, do what's right for Alaska." A House did it.
I believe there are members of the Senate that tried. And so we have a special session scheduled. We're gonna start that special session tomorrow. We'll introduce a bill very close to what the bills were that came out of the, that the Senate put together, minus a lot of these amendments that went in there that make this really a difficult bill for anyone to understand within a couple hours. And I'm sure people are gonna say, well, then, lady, if you gave the House, if you didn't have a press conference, maybe the House would, It's gonna take people a while to unravel this stuff.
If not, they're just gonna guess at their vote, okay? I think there's some good people in the Senate that want to get something done, but I also think if you ask them, did this bill and the amendment process get a little out of hand? I bet you they would say it did. I bet you they would say it did.
You know, a bill is, here's a couple things that are wrong with the bill. We don't know exactly what the S-Corp language in this bill does. We don't know. It's gotta be unraveled and we gotta take a look at that. But everything has ramifications.
And if you don't really put it together the right way, you, you could end up, for lack of a better expression, screwing things up, to be honest with you. So, and then, um, the bill, the Glenn Farm was working with labor to negotiate an MOA. And the bill ends up going into law negotiating labor in, in the bill. And so, uh, I don't think that's something that is going to work. Um, and then there's a number of restrictions and triggers, uh, added to the bill.
The whole idea is Alaska is a tough place to do business. It's a high— nobody here can deny it's high cost. Everything costs more in Alaska because you got to ship everything up here. It all costs more. So here you have a very challenged project economically because of the cost, because of our location, our distance, and so forth.
And the House, I think, again, I got to commend the House, both parties, everybody over there.
Wasn't a perfect bill that came out, but it was a bill that was gonna work. This bill right now is not going to work. We need time to really understand it. And like I said before, there's good people in the Senate, and there are people in the Senate that wanna get this right and wanna do this right. And I am sure that there are people in the Senate that voted to send this bill to the House because it was the best, they figured it was the best they could get at this point.
I get that. But, you know, I've heard throughout the last couple months, we're rushing this thing, it's too big, let's slow it down, from many of the same people that just in the Senate were introducing amendment after amendment after amendment that nobody ever saw. So that kind of doesn't make much sense. So long story short is, We are this close. We are this close.
We are this close to getting this right. We're this close to a massive project. We are this close to getting Alaskans gas. We are this close to just getting this project going. And I would say it would be a travesty if tomorrow one body or the other gavels out because they're basically telling Alaskans we're done with this.
We're done with trying. We want to get on with our summer. We want to go on our trips. I'm going to suggest that we do something a little different in this special session. I'm going to suggest that leadership get together because the bill, the concepts, the ideas, I think, are there.
And quite honestly, 35 in the House— was it 35? 35 In the House. A number in the Senate, so the vast majority of legislators want to get stuff done, wanna get something done for the people of Alaska, not just something, but something good. We can do it tomorrow. If people are seriously interested in getting something done, it could be done tomorrow.
Leadership gets together, they put together an ad hoc committee, they work through a couple of the issues, and then they agree to put it on the floor for a vote. I think you get a bill before noon if that were to happen. But what I'm afraid of is you're going to hear from some saying, oh, this is going to take so much time. We have to understand what the bill is. We're going to have to understand what the potential amendments are.
They just went through a flurry of amendments that no one ever saw before. They weren't there. Nobody ever saw them. And so I don't think it's a bill that works, to be honest with you. I'm looking— I'm the first one that wants us all to go back to our districts, you guys, I'm the first one that wants people to be able to go campaign, go on their summer trips, all that stuff.
But how do you say that to the people of Alaska when we have this massive project that's on the cusp staring at us? We just had a record cold winter. We're running out of gas. Our bases are running out of gas. The world is in chaos.
They want our gas and we can't get something to work. You know, you as reporters are gonna, you know, do your own analysis of what you saw happen here in the Senate this afternoon. Mm-hmm.
But a lot of Alaskans that watch this are probably scratching their heads as to what's really going on.
And you know, there's politics at play whatever we do down here. It's just the nature of the game. So I think you got some very good people in the Senate that want to get a good bill done. You got very good people in the House that got a good bill done. Let's bring it together over the next day or two and get beyond the politics.
Get beyond the politics. Get beyond who I like or I don't like, whose idea I don't like or I like. Just get beyond it. And just for this one time, put the people of Alaska ahead of all that stuff. And so there's a couple of people here that I'd like to invite up to say a few words and their thoughts.
But Representative Kopp, if you wanna come up to the podium and say a few words on the great work that you guys did and, you know, what you're anticipating, hopefully we get done here in the next day. [FOREIGN LANGUAGE] Thank you, Governor. I want to thank my colleagues in the House and the Senate for their hard work on the AK LNG enabling legislation. And while it's a little discouraging to be at this point, I'm certainly remaining very hopeful that we will get this work done for the people of Alaska. They're counting on us.
I think that the greatest mistake we can make is allowing the pursuit of maximum government revenue extraction become the reason we receive no revenue at all. And I hope that that sinks in for a minute because we're at that point. We, the legislature, was not asked to write a perfect tax code. We were asked to establish effective enabling legislation so this project could become a reality. Thank you.
And I wanna say that without this project, there is no tax revenue. There are no jobs without this project, and there's no energy security and no new gas supply without this project. We have to get this project off the ground. So the Senate amendments that we just saw did not move us in that direction. They moved us in the opposite direction, and they effectively killed this project.
The House passed a bill with the broadest possible support, bipartisan, as the governor said, because they did not fall into the trap of looking for maximum government revenue extraction. We looked at this as long-term economic growth of our state, that energy security. We cannot overstate that we are running out of gas in Cook Inlet, that our utilities, our businesses, and our families are very concerned about the urgency of the hour we're in. And we have focused so much on the risks of whether or not the developer can follow through and give us a gas line that we have spent very little thought about the risk of running out of gas entirely and not being able to heat our homes, our businesses, our military bases, our schools, and all the infrastructure critical to our state. [FOREIGN LANGUAGE] So in closing, I just wanna say that I look forward to continuing the work.
I'm disappointed we have to go into a 3rd special session, but I do remain hopeful. I do agree with the Governor's comments that it would be good to have the leadership of both the House and the Senate come together to work through these differences. I would be hopeful that we could get to the point where this was no longer looked as a vehicle to add on a corporate income tax to add on other measures that go way beyond enabling this project to allow it to come to life, to bring energy to Alaska, to bring billions of dollars in revenue to future generations of Alaskans. We have to give this project a chance to be successful. The amendments in the Senate killed that.
There's no— No way to sugarcoat that. So we just need to walk it back a little bit, refocus, and we can get it done. I know we can. And I just want to thank all the members of the Senate here today and members of the House. Appreciate every member I see in here.
Thank you. Thank you, Governor. Thank you, Representative. So here is— this would be the largest non-recourse funded project ever, ever in Alaska. We've proven we can do big projects.
But, you know, I and others are getting calls from folks not just in the state and not just in the country, but around the world. Future potential partners, our Asian partners, are wondering, do you guys really want this? Do you want this project? Do you want— I mean, we want your gas, We want this to work. Do you want this?
The oil industry now is shaking their head, uh, wondering what the taxation regime is gonna be like going forward. Investors are looking at this and wondering if North of the Future, the only state in the country, by the way, that was brought into the Union under the conditions that we develop our resources, it's all through our Constitution, And let me say something about the Constitution. It's something along the lines of what the representative said. The Constitution doesn't say maximize revenue for government. It says manage your resources for the maximum benefit of the people.
Not the government, the people. You get a gas line with cheap gas at $4 or $5 a unit, It's for the people to turn their lights on, for the people to heat their homes, for the people to have businesses, for the people to enjoy and be able to stay here in Alaska. Maximum benefit for the people, not maximum revenue at any cost for the government. Does the government need revenue? Yes.
But by doing this project, you get revenue. You get revenue, you get royalty, you get corporate tax, you get severance tax. As the representative said, what— this is basic math. Zero times zero is zero.
So I again believe the vast majority of legislators want to get this done and they want to be able to step back and see if in fact this private entity called Glenfarm can perform. But if not, we'll never know because we will have killed it here in the legislature. I don't think that's what the people of Alaska want. Um, before I take questions, I would ask if there's any other legislator that's here, uh, if they want to say a few words. If not, totally understand.
Come on up.
Thank you, Governor. I won't take a real long time, but I wanted to just also say how much effort and energy that the Governor has put into this, how much he's worked with every member in both houses, that he's made a staff available, and how much work has been done there. It's been really good over the last few weeks, but I also know that the Governor is talking to people that I don't have a chance to talk to, talk to. I know that the world is watching us right now. This isn't just about this project today.
It's how we— it's how we deal with all projects. This is— we're showcasing how does Alaska deal with this incredible resource storehouse that we have and how we get other people to come and help us bring that to market. Thank you. And we're not really doing a great job tonight. I would like to see that be a little different, but the world is, is watching us.
This is a huge project. It's good for Alaska. We've worked and we've taken it very seriously. And I wonder— It's easy to think, well, maybe this isn't going to happen, so we can just throw an amendment here, throw an amendment there. Well, I know better than that.
You got to take it seriously and you got to Maybe make it look a little different tomorrow, and maybe we can have a chance to do it because now is the time. We know if we look at the world stage, we can see that all the stars seem to be aligned to work out what's best for Alaska. The governor is here. The House has done our part, and we need to get this legislation passed. I really want to see that happening tomorrow.
Today, maybe not so good, but there can be better things tomorrow. But again, the world's watching and now's the right time. I just wanted to— reiterate that. Thank you, Governor. Okay, any questions?
In the room with Eric Stone with Alaska Public Media. Hey, Governor, so you just spent 30 days in a special session. It was, you know, the— you had since March 20th that legislators have been considering this particular bill. You first floated this concept in December. This has been a long process.
And what gives you any confidence that calling another special session will convince the Senate to pass a bill that is acceptable to you? And like, why is the S corp pass-through entity tax such a red line? You know, it's— I mean, let me— hopefully I can explain myself. I can't believe you're asking the question. And what I mean by that is not you.
We, we shouldn't even be here asking that question. Um, well, if not, then, uh, you throw in the towel, and then we go to Plan B, right, for energy. What's Plan B? What's Plan B? Plan B is— Plan B is imports.
You've got $200 trillion cubic feet of gas. The largest resource state in the country by far. And you're going to import gas because— finish the sentence. We're going to import gas because—. To fill demand.
And we need to fill that demand because—. Insufficient supply. And because this project could help with that and we wouldn't have to import gas. We could be self-sufficient for 60, 70 years. You don't—.
We don't know what the world's going to be like 5 years from now. I mean, it's a chaotic world. So we import gas. We import gas to our bases. I mean, think about what Russia thinks, China thinks.
Hey, this is something— the, the, the, the most, um, forward-leaning base in America protruding into the Arctic and the, and the Pacific with 200 trillion cubic feet of gas. They import gas from Canada to fuel their bases. I don't know, maybe it's just me, seems a little, little different, a little strange. How do you ensure that the second largest discontinuous piece of land, part of a country in the world next to Greenland, way up in the arctic, way up in the north, is able to take care of itself in case there are supply chain disruptions on energy? Thank you.
In case there's a conflict, in case something else happens? How do we take care of ourselves? We have the ability to, to get ourselves energy. The project is fiscally challenged. Everyone admits that.
But that's not what's standing in the way. What's standing in the way is politics. Pure, unmitigated, simple politics. Thank you. I've heard some people say that this project will never work, some people that were putting amendments in today.
Why would you put amendments in on something if you don't think it's going to work? This is just a whole strange discussion going on. You got to have hope, and you got to be able to— you got to be able to use and exercise all the tools the Constitution gives you to bring people to the table to come up with a solution. I mean, I find it very difficult that people will leave here when we're this close and say, "I got a trip, I gotta go." I'm tired. We're gonna be Browning out in a few years, and will people look back on this moment and say, What a wasted opportunity.
I think they would. Okay, let's go to Corinne Smith with the Alaska Beacon.
Thanks, Governor. I want to touch on something that was alluded to, but I don't think was stated explicitly. I'm curious, was the escort provision the deal killer? We don't— yeah, yeah, here's the deal. We don't know how we— we're examining it now, how it was written in this bill.
We're not 100% sure it's how it's written because devils are in the details, and all of this parts of the bill, including the S corp. We don't know what's in there and how it affects Glenfarm, how it affects other entities in the basin, how it affects them in the short term to long term. We don't know. We have to look at the bill, and it's 8:30. May I follow up briefly? What do you suspect might be in there that would be—.
Don't know. Look, one thing I learned being down here in Juneau, And that's, you know, I get criticized by some when I look at bills and I decide to let them become law, sign them into law, or veto them. On the surface, a lot of times a bill looks great. Sometimes when you dig below it, you find out it wasn't constructed the right way, or the ramification or implication is something different than you thought.
That needs— that S corp concept is a big enough concept to stand on its own and have its own bill and its own scrutiny, but it was jammed into this bill. And I understand why. You've got a situation in the Senate where it's split. You've got different parties, different caucuses, different personalities. I get it, some want the S corp.
If that S corp and a couple of these other amendments that we have to figure out too were not in there, I'm sure you would've gotten even more votes in the Senate. And I think the House probably would've said, you know what, probably works. But let's clean it up tomorrow. One more day, we're here. Let's clean it up tomorrow.
Let's approach it a little differently. I'm sure there are some legislators that will say, he doesn't have the right to tell us how to do our business. No, you know, you have your own rules and you are a different branch of government, but I do have an obligation to try and get the people of Alaska an incredible opportunity. And, um, I don't see where the plan B is imports, which is absolutely, I think most people would say, is crazy, to be honest with you. Okay.
Up next is Jeff Landfield with the Alaska Landmine. Hello, Governor. I'm curious if the legislature passed the bill you wanted, how confident are you the project would get financed and built and when? 80%, 90%, 100%? You know, I mean, that is a great question and it's a good question.
A lot more confident than I am today. From what I've heard, I was on the phone again this, this, this afternoon with a massive energy company, international, everyone knows who it is, not to be named, talking with some ex-officials about this project, Jeff. Asked them the same question, and they said to me, from where this last attempt at a project in 2015 to today, they are incredibly impressed at where the state has gone in permitting to 2020 permits, right-of-ways, back— support from the federal government, the work that Glen Farn has done. So that tells me that we've moved along pretty well down the road. Glen Farn is convinced that we get over this hurdle, they're able to go to Wall Street and international financiers.
So I would— the best way I would answer that is I can tell you if we don't get the bill done, it makes it incredibly difficult. Everyone has said that. I'm not a gas expert. I talk to those that are experts in this field off the record, on the record, people I know, people I've met through the last few years, and they will say it is an incredibly high property tax for a project of this magnitude. This size and scale.
So I would— my answer to that question would be, I have more doubts that we get a project without changing the tax and having a clean bill. I have greater optimism if we do have this bill. But more— just as important, I guess, why have us be the ones to kill it? Why not give it an opportunity and encourage it, and hopefully it gets to the finish line? And if it doesn't, It won't be because of what happened here in Juneau.
Okay, let's go to Mark Sabatini with the Juneau Independent. Thanks, Governor. One of the things you said in response to the first question is, what's Plan B? And I imagine when we go downstairs and talk to some of the Senate majority folks, they're going to say, well, Plan B is we take our time with this. We pass a responsible bill that doesn't put Alaska at risk of spending a ton of money on this, doesn't expose them, and ensures we have reliable figures to base this whole project on.
And, with all due respect, perhaps if we wait a year, we're doing this with a governor more in line with our line of thinking rather than, you know, him trying to bend things, bend us a different way. What are your thoughts on that? Well, let me take the last part. I've heard that. I've heard that from some of the very people that were throwing 100—.
Not 100—. A number of amendments out today. Let's wait for a new— another governor. How short-sighted and selfish is that, though, to be honest with you? Um, that, that puts this project behind, or actually may even kill it, the prospects.
Um, if we, we put this off for a year, that, to me, I mean, you know, the previous governor to me was Governor Walker, who worked on the pipeline.
I wish to God he was able to get a pipeline across the finish line, 'cause we wouldn't be having these discussions right now. Parnell worked on it, actually worked, Governor Parnell actually worked on basically the framework in which AGDC and to some extent we're operating off of now. I wish he was, I wish we were able to get the pipeline at that point. Sarah Palin worked on a GIA, a massive bill with a number of components in less time than we have on this. Go look at the history.
That's AGIA, not ACIS, AGIA. Frank Murkowski worked on a project.
Everyone will tell you there were— in many of those scenarios, we didn't have the permits we have today. And many will tell you that we couldn't take gas off the slope. AO GGC, our watchdog on BTUs, gas was still more lucrative to help get oil out of the ground. So we didn't have a lot of things in place back then. We didn't have the whole electrification revolution and data farm revolution and an AI revolution.
We didn't have the Russian War. We didn't have the Persian Gulf issue going on. We have that all here. I just passed bills Yes, I vetoed some. Passed the vast majority of bills from people who I don't necessarily agree with, but if you ask my staff, the first thing I say to them is, is the policy good for Alaska?
I don't care who the author is. Is the policy good for Alaska? Or is it at least a neutral bill that doesn't hurt Alaska? So that's the answer to that question. Thank you.
Um, Mark, give me the first part of your question real quick.
Well, what was that? Okay, okay. They just passed the bill, Mark.
So they're saying they would pass a different version, then why did they pass this? They just passed the bill.
Then what was this plan that we just saw? What plan was that?
Was that an irresponsible— Irresponsible? We don't even know what's in the bill. We have people going through it now. What we do know is a couple of these things on The labor issue, the overly prescriptive inflation language, those things make the opportunity less so for investors, for Alaska. So what I am saying is, just put the politics aside.
Just put it aside. Leadership, get together. Mm-hmm. Get a small group that wants to not interject any politics or personalities, but wants to get to a yes like the House did. I mean, the House did it.
The House did it. The House didn't care that it was Dunleavy was governor. The House didn't care. And the Democrats in the House didn't care. They got a bill done.
And from the industry perspective, our people looking at it, that bill would have worked. They got it done. So I think we can get it done. I think we can get it done. And we're going to come back tomorrow and hopefully we can all sit down and a handful of people just work out a couple details to make this bill work.
Okay. We got 3 reporters on the teleconference line. We'll start with James Brooks at the Alaska Beacon. James, your question, please.
Yeah, actually this is for Chuck Kopp. I'm curious what the plan is for the House going forward here. And are you here speaking on behalf of the majority? Are you speaking on behalf of yourself, a different group? I mean, is the House going to take this up tonight?
Are they going to take it up tomorrow? Could it go to a conference committee given that there's another special session? I mean, there's options here. The House leadership team has not yet met on this issue, so I make no, no statement on behalf of the House leadership team. We will have that discussion very shortly.
There are several options on the table. The House could take a vote tonight on concurrence. If there's a failure to concur, we could go to conference committee. We could pass a resolution that would pick up House Bill 381 where it left off when it passed the House and effectively leave it in the Senate as it is now, waiting for them to work on it further and send it back again.
Or we could start anew. But the House right now is concerned that a good faith effort is made to pass enabling legislation that will give this project a chance to be successful. Thank you. And not just a timeout, another special session. But exactly what we do will be determined in the hours between now and 10 AM tomorrow morning.
And that, that discussion will be had with the House leadership team. And so my comments today are my own.
Okay, and now let's go to Will Courtney with Alaska's News Source. Will. Yeah, thanks for your time today, Governor. Um, twofold question. The first one, uh, you've mentioned several times throughout this press conference that lawmakers need to put politics aside, that that's essentially the solution to why things aren't working.
I just want to make sure before I go into my next question, is that your answer for why things aren't working, that politics is getting too involved with this process? That's a— I think that's a part of it, yeah. I mean, uh, Mark just brought up the fact that some people want to wait till there's a new governor. Well, that's politics. That's not because I'm dying or something.
It's, uh, they, they want— they don't want me here. And I am leaving, but that puts the project back a year, year and a half. I mean, that is a crazy reason for not wanting to move a project. But yeah, there's politics involved. I, I think every one of you know there's politics involved.
Next question. Sure. Yeah, it will— the follow-up to that is essentially that I think lawmakers are essentially accusing you of just the same action as well. I mean, we look back to when the regular session was ending and the pensions bill was getting put into jeopardy because of this process from your own administration. Then you go over to just yesterday, you know, 9 bills of 24 were vetoed from your administration.
So, I mean, I think you have lawmakers essentially saying that politics has been on both sides. Are you changing your tune to how this process needs to go forward? Um, how do you explain the House, the House vote, 35 people voting for the bill?
Exactly. The House put politics aside. There's politics down here on everything, but the House put politics aside for the people of Alaska. That's what they did. Well, we don't always agree.
I've got people in the room here that bills I vetoed, they've overturned or overridden vetoes. You know, the whole veto thing is kind of fascinating. I wish people would do some history on the Jay Hammond. Jay Hammond dwarfed me in vetoes. Tony Knowles dwarfed me in vetoes.
Now, is this a veto competition? No. But the framers put into the Constitution the ability for the governor to take a look at a bill and decide if the bill is good for Alaska. Okay? And so that's what we're doing.
Look at the bills that were passed. You will see names on those bills of people that are probably accusing me of politics, who are involved doing their own politics. A lot of their bills were let into law or will be signed into law. So there's always an excuse, I guess, for some people to not perform on behalf of the people of Alaska. House did it.
The House got it done. It wasn't a squeaker either. It wasn't 21-19.
35, 34, Or 35? 34, And I think there was one absent. 34 Republicans and Democrats put the people ahead of politics. So that would be my answer to you. Well, what do we got?
Okay, last question from Alex DeMarban at the Anchorage Daily News. Alex, your question please. Okay, thanks Governor. Yeah, how can you expect senators to pass a favorable bill for the project with a multi-billion dollar tax rate when they have very little information about the project, including the cost, which is the same as it was 10 years ago. Doesn't even seem realistic.
No, they've updated the cost, Alex. The cost has been updated. They've updated the cost? Yeah, they've updated it. Yeah, it's still the same as it was before though.
No, Alex, right now I've got even legislators shaking their heads no. They've updated the cost in the committee meetings.
It was $45 to $55 billion 10 years ago when I was writing about it, but the point is they have very little information. Is there any way you can address that to help get some lawmakers to support this, to get some senators to support this? We want them to have all the information they can get, they can have. There are some things under NDAs and privacy that is understood industry-wide and by legal experts as well. And so, yeah, I mean, we want them to have as much information as possible, but that information that's protected by law, I think, is in some degree, to some extent, is an industry standard.
Next question. So it sounds like there'll just be an impasse. Well, I hope not. I hope there's not an impasse, but if— I hope there's not. We've got tomorrow.
Tomorrow's a new day. I hope there's not an impasse.
Anyway, again, not sure what the House is going to do, but there's some serious questions about the amendments that were put in this bill, and we're prepared to start anew tomorrow morning. So just want to thank everybody. Governor, is this the last special session you plan to call? This special session I was in was the last one I'd hoped to call. This one coming up, I hope, is the last one to call.
Uh, it's not that I like special sessions. Like the rest of us, want to get on with doing other things, but the people of Alaska come first. So, okay. Okay, thanks.