Murkowski calls for loans for energy industry

• News Home
• More from News of the North

Wednesday, April 22nd, 2020 11:12am

• Share on Facebook
• Share on Messenger
• Share on Messenger
• Share on Twitter
• Share on Whatsapp

U.S. Senator Lisa Murkowski.

Washington, DC (KINY) - U.S. Senator Lisa Murkowski joined several Senators in a letter to Treasure Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell urging swift action to make loans available to domestic energy producers.

Murkowski signed a letter to the two top officials today along with Alaska U.S. Senator Dan Sullivan.

The letter emphasized the importance of swift action, "We face a real and present danger of seeing hundreds, if not thousands of oil producers shuttering, an event that will profoundly and negatively impact the industry, its financial partners and consumers for years to come."

Oil prices have recently come crashing down.   One of the main reasons is the reduced demand for gasoline due to COVID-19.

The letter went on to state that the prospect of the nation becoming reliant on oil imports again is an unacceptable situation.

Senators also said energy producers should be treated like other segments of the economy that have gotten assistance during the pandemic.

"Our energy producers should not be unfairly excluded from credit due to an arbitrary date and their viability should be protected with enhanced support for their credit and access to capital.  Assisting these companies could be the difference between maintaining our domestic energy production and workforce or shedding more U.S. jobs and returning to dependence on foreign sources of oil."

 

 

 

More from News of the North

• Mask Mandate lifted for vaccinated people in Juneau

  Juneau, Alaska (KINY) - COVID-19 mitigation measures in Juneau have been revised to reflect the recent CDC announcement no longer requiring masks if an individual is fully vaccinated.

• Widespread flooding reported in northwest Alaska community

  Anchorage, Alaska (AP) — Officials say an ice jam in the northwest Alaska community of Buckland has caused widespread flooding.

• Governor Dunleavy calls for a special session

  Juneau, Alaska (KINY) - Alaska Governor Mike Dunleavy has called the Alaska Legislature into special session Thursday, saying that in his conversations with legislative leadership, it is clear more time is needed.

• Crimson Bears Girls Soccer Seniors Score Last Goals in Win

  Juneau, Alaska (KINY) - A magical night for two seniors in their final home match propelled the Juneau-Douglas Crimson Bears girls soccer team to a 3-0 win over the Thunder Mountain Falcons on Thursday at the Adair Kennedy pitch.

• Falcons Softball Girls Feed on Wolves

  Juneau, Alaska (KINY) - The Thunder Mountain High School softball team shut out the visiting Sitka Wolves 10-0 in a run-shortened five inning win on Thursday at Dimond Park Field.

• COVID 5-13

  Juneau, Alaska (KINY) - One new secondary transmission case of COVID-19 was reported for Juneau on Thursday.

• Bill that helps AK's cruise season passes US Senate, awaits US House approval

  WASHINGTON (KINY) - The US Senate passed a bill on Thursday that would help Alaska's tourism economy by temporarily lifting the requirement for cruise ships to stop in Canada during their voyages. The measure still awaits approval in the US House of Representatives.

• New guidelines for masking for vaccinated, updates expected soon for CBJ measures

  Juneau, Alaska (KINY) - The Centers for Disease Control and Prevention announced Thursday that people who are fully vaccinated against COVID-19 do not need to wear masks in most situations. The current City and Borough of Juneau COVID-19 mitigation measures call for mask-wearing when there is a mix of vaccinated and non-vaccinated people.

• Alaska bill would bar transgender girls from female sports

  JUNEAU, Alaska (AP) — A bill introduced in the Alaska Senate would require schools to designate school-sponsored athletic teams or sports as male, female or co-ed and require participation in a female sport to be based on a participant’s sex assigned at birth.

• Virus outbreak reaches highest risk level in Alaska town

  KETCHIKAN, Alaska (AP) — Restaurants, bars and gyms in the Alaska port town of Ketchikan have been asked to close as officials attempt to slow the spread of COVID-19 after the city’s pandemic risk level was raised to its highest level.

• Engine cut-off switch required for water vessels

  Juneau, Alaska (KINY) - The Coast Guard is reminding mariners of a new law requiring recreational boats to use an engine cut-off switch and the associated engine cut-off switch link.

• JAHC recieves grant for work in Aak'w Village

  Juneau, Alaska (KINY) - The Juneau Arts and Humanities Council has announced in a release that a $75,000 "Our Town" grant has been approved for design and planning in the Aak'w Village District.