Lisa Murkowski says drilling in Alaska refuge can raise $1 billion

November 2, 2017

Sen. Lisa Murkowski of Alaska, chairwoman of the Senate Energy and Natural Resources Committee, expressed confidence Thursday morning that drilling in the Arctic National Wildlife Refuge, a longtime Republican goal, could raise $1 billion over 10 years to help pay for tax reform.

"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 three-panel hearing to discuss the topic. "We will see the benefits over decades, not just over the 10-year budget window."

Byron Mallott, Alaska's lieutenant governor who appeared at the hearing, predicted drilling could raise "many multiples of that number [$1 billion]."

A budget resolution passed by the House and Senate last month includes instructions for lawmakers to create legislation to raise $1 billion over a decade by opening the "1002" section of the refuge to drilling, to help pay for tax reform.

Read more on the Washington Examiner...

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