1 00:00:02,520 --> 00:00:08,319 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. We have a great 2 00:00:08,320 --> 00:00:11,280 Speaker 1: opportunity to bring back the Governor of Alaska, Mike Dunlevy 3 00:00:11,320 --> 00:00:13,920 Speaker 1: with us on Bloomberg TV and Radio. Governor, welcome back 4 00:00:13,960 --> 00:00:16,159 Speaker 1: to Balance of Power. It's great to see you. And 5 00:00:16,200 --> 00:00:18,280 Speaker 1: as I think I've made clear here, you had very 6 00:00:18,320 --> 00:00:20,360 Speaker 1: little notice to put all of this together, So I 7 00:00:20,480 --> 00:00:23,000 Speaker 1: understand it's been a busy couple of days. Is Alaska ready? 8 00:00:24,360 --> 00:00:28,920 Speaker 2: Oh yeah, Alaska's ready. We have the venue already selected. 9 00:00:29,000 --> 00:00:32,040 Speaker 2: The White House has already done that at our joint 10 00:00:32,400 --> 00:00:35,120 Speaker 2: base Elmendorff Richardson here in Anchors, So it's going to 11 00:00:35,159 --> 00:00:38,560 Speaker 2: be pretty secure. The President's going to land there and 12 00:00:39,000 --> 00:00:40,760 Speaker 2: they've got a lot of space for meetings, and so 13 00:00:40,880 --> 00:00:42,800 Speaker 2: I think it's a location that works well. 14 00:00:44,080 --> 00:00:46,080 Speaker 1: Will you be greeting the President on the tarmac. 15 00:00:47,720 --> 00:00:50,560 Speaker 2: I'll be meeting with the President Friday morning briefly and 16 00:00:50,880 --> 00:00:55,160 Speaker 2: so yes, and we'll have probably a very brief conversation 17 00:00:55,200 --> 00:00:57,400 Speaker 2: about things such as our Alaska National Gas Line and 18 00:00:57,400 --> 00:00:58,680 Speaker 2: other things happening here in Alaska. 19 00:01:00,040 --> 00:01:05,039 Speaker 1: Understood. Really incredible reporting here about the logistics going into 20 00:01:05,040 --> 00:01:08,360 Speaker 1: all of this. Anchorage has a limited number of hotel 21 00:01:08,400 --> 00:01:10,640 Speaker 1: rooms to work with. You're a small rental car market, 22 00:01:10,959 --> 00:01:14,480 Speaker 1: so we're trucking in all kinds of resources here, whether 23 00:01:14,520 --> 00:01:17,000 Speaker 1: it's vehicles being flown in from the Lower forty eight 24 00:01:17,120 --> 00:01:19,679 Speaker 1: or from other parts of your state. How much of 25 00:01:19,720 --> 00:01:25,160 Speaker 1: this has been a logistical experiment for your office, Well. 26 00:01:25,040 --> 00:01:27,319 Speaker 2: Again, most of this is being handled by the White 27 00:01:27,319 --> 00:01:29,920 Speaker 2: House itself, and they're doing a great job. They've interfaced 28 00:01:29,920 --> 00:01:33,800 Speaker 2: with us, They've interfaced with our troopers, and i've city 29 00:01:33,800 --> 00:01:36,760 Speaker 2: police here and Anchorage, and so the vast majority of 30 00:01:36,800 --> 00:01:38,480 Speaker 2: this is being handled by the White House. It is 31 00:01:38,600 --> 00:01:41,280 Speaker 2: tourist season. We're in the height of tourist season, so 32 00:01:41,360 --> 00:01:44,080 Speaker 2: hotels are tight, cars are tight, as you mentioned. But again, 33 00:01:44,160 --> 00:01:47,880 Speaker 2: having this on the base alleviates a lot of issues, 34 00:01:47,920 --> 00:01:50,840 Speaker 2: and so it's going to be on the base. Tourism 35 00:01:50,840 --> 00:01:52,640 Speaker 2: will continue here. There's going to be a lot of 36 00:01:52,640 --> 00:01:54,640 Speaker 2: reporters here, a lot of others with their eyes on 37 00:01:54,680 --> 00:01:57,680 Speaker 2: this great state. So we're prepared. Well. 38 00:01:57,720 --> 00:01:59,880 Speaker 1: I should think that that's a pretty good thing for Alaska. 39 00:02:00,120 --> 00:02:02,639 Speaker 1: Going to be seeing all weekend lots of beauty shots 40 00:02:02,680 --> 00:02:04,800 Speaker 1: of your state, I'm sure, and a lot of tourists 41 00:02:04,800 --> 00:02:07,280 Speaker 1: will have stories to tell when they come home. We 42 00:02:07,320 --> 00:02:09,359 Speaker 1: know the secret services on the ground there, Governor, and 43 00:02:09,400 --> 00:02:12,040 Speaker 1: I don't know to what extent you can answer these questions. 44 00:02:12,040 --> 00:02:14,160 Speaker 1: Are there Russian agents in Alaska right now? 45 00:02:16,240 --> 00:02:17,880 Speaker 2: I don't know. I don't have the answer to that 46 00:02:17,880 --> 00:02:19,959 Speaker 2: that that again would be something the White House we know, 47 00:02:20,080 --> 00:02:22,919 Speaker 2: but if there are, it hasn't been made known to us. 48 00:02:24,280 --> 00:02:27,400 Speaker 1: Interesting, as you mentioned, this is taking place here at 49 00:02:27,760 --> 00:02:32,480 Speaker 1: the joint Base, which gives you, you know, the logistical 50 00:02:32,520 --> 00:02:36,160 Speaker 1: cover here to keep that sort of self contained. But 51 00:02:36,240 --> 00:02:38,600 Speaker 1: when you consider the number of folks coming into the state, 52 00:02:39,880 --> 00:02:42,519 Speaker 1: it's pretty interesting to imagine what it's going to look 53 00:02:42,560 --> 00:02:45,680 Speaker 1: like in Anchorage. Is this the biggest thing to happen 54 00:02:46,160 --> 00:02:47,440 Speaker 1: to Anchorage? Ever? 55 00:02:47,560 --> 00:02:49,160 Speaker 2: This is one of the Yeah, sure, this is one 56 00:02:49,160 --> 00:02:50,959 Speaker 2: of the biggest things to happen. And we've we've had 57 00:02:51,639 --> 00:02:54,800 Speaker 2: we've had the Pope and you know, President Reagan here 58 00:02:55,000 --> 00:02:59,240 Speaker 2: at one time years ago, obviously, But this is this 59 00:02:59,320 --> 00:03:02,280 Speaker 2: is a huge, a huge issue, a huge deal for Alaska. 60 00:03:02,560 --> 00:03:05,240 Speaker 2: It makes sense when you look at the globe. We're 61 00:03:05,240 --> 00:03:08,400 Speaker 2: only two and a half miles from Russia. The President 62 00:03:08,480 --> 00:03:11,000 Speaker 2: of Russia just has to fly a few miles across 63 00:03:11,080 --> 00:03:13,359 Speaker 2: the Barring Sea to get here. President Trump as to 64 00:03:13,440 --> 00:03:15,200 Speaker 2: come up from the lower forty eight go through Canada, 65 00:03:15,240 --> 00:03:19,359 Speaker 2: and so we're closer. I think we're closer to Moscow 66 00:03:19,400 --> 00:03:21,720 Speaker 2: by about two and a half hours than Washington, DC 67 00:03:21,960 --> 00:03:24,200 Speaker 2: is going the other way, and so makes sense to 68 00:03:24,240 --> 00:03:26,880 Speaker 2: be here. We're glad to host it. Whatever we're gonna 69 00:03:26,880 --> 00:03:29,680 Speaker 2: do to help, especially with this issue of peace, hopefully 70 00:03:29,720 --> 00:03:30,960 Speaker 2: in Ukraine sooner than later. 71 00:03:31,840 --> 00:03:36,680 Speaker 1: Alaska's standing back, Well, that's great, and it's a pleasure 72 00:03:36,680 --> 00:03:38,320 Speaker 1: to spend some time with you here. As we wait 73 00:03:38,360 --> 00:03:40,080 Speaker 1: to hear from President Trump, I will let you know 74 00:03:40,120 --> 00:03:43,400 Speaker 1: that they're mobilizing reporters, so at some point here this 75 00:03:43,480 --> 00:03:45,200 Speaker 1: hour will end up in the Oval Office, and I 76 00:03:45,240 --> 00:03:48,760 Speaker 1: suspect he'll have some things to say about this visit Governor. 77 00:03:48,840 --> 00:03:51,520 Speaker 1: He's also likely to talk about his Big, Beautiful Bill, 78 00:03:51,600 --> 00:03:53,240 Speaker 1: which is something that he's and other members of the 79 00:03:53,280 --> 00:03:55,600 Speaker 1: administration are trying to remind people of now that it's 80 00:03:55,800 --> 00:03:59,080 Speaker 1: actually being enacted, trying to highlight what they see as 81 00:03:59,080 --> 00:04:03,160 Speaker 1: the benefits of the bill. Alaska played a pretty big 82 00:04:03,240 --> 00:04:07,000 Speaker 1: role through your Senator Lisa Murkowski and the final shaping 83 00:04:07,040 --> 00:04:10,600 Speaker 1: of that bill. She talked about feeling cheated even though 84 00:04:10,640 --> 00:04:14,960 Speaker 1: she voted to pass the legislation and had carved out 85 00:04:14,960 --> 00:04:17,800 Speaker 1: some pretty interesting things for Alaska when it comes to 86 00:04:17,880 --> 00:04:21,359 Speaker 1: rural hospitals, when it comes to even I believe tax 87 00:04:21,400 --> 00:04:24,520 Speaker 1: credits for whaling captains, and I suspect that you would 88 00:04:24,520 --> 00:04:27,640 Speaker 1: probably tell me about the energy enhancements in the Arctic 89 00:04:27,640 --> 00:04:29,440 Speaker 1: that are going to be coming to your state. What's 90 00:04:29,480 --> 00:04:31,880 Speaker 1: the most important part of the big beautiful bill when 91 00:04:31,920 --> 00:04:32,840 Speaker 1: it comes to Alaska. 92 00:04:33,720 --> 00:04:36,799 Speaker 2: Well, it's a huge bill. It's got a lot of implications. 93 00:04:36,920 --> 00:04:38,760 Speaker 2: I mean, there's there's some tax relief in there for 94 00:04:38,800 --> 00:04:44,400 Speaker 2: almost everyone. As you mentioned rural hospitals, they got a 95 00:04:44,400 --> 00:04:46,800 Speaker 2: big win, not just here in Alaska but across the country. 96 00:04:47,320 --> 00:04:49,960 Speaker 2: But really, for us, it's the approach to energy, it's 97 00:04:49,960 --> 00:04:52,599 Speaker 2: the approach to critical minerals, our resources. We are a 98 00:04:52,640 --> 00:04:56,080 Speaker 2: resource state. Under the previous administration, and we talked about 99 00:04:56,080 --> 00:05:00,240 Speaker 2: that in the past on Bloomberg. We were not treat 100 00:05:00,240 --> 00:05:01,600 Speaker 2: it well, to be perfectly honest with you, by the 101 00:05:01,640 --> 00:05:03,760 Speaker 2: Biden administration. As a matter of fact, we had more 102 00:05:03,839 --> 00:05:06,640 Speaker 2: we called them sanctions, about seventy sanctions by the federal 103 00:05:06,680 --> 00:05:09,760 Speaker 2: government on Alaska during that time. Well, at the same time, 104 00:05:09,839 --> 00:05:13,000 Speaker 2: the Biden administration was having conversations with Venezuela, I ran 105 00:05:13,080 --> 00:05:17,240 Speaker 2: on others for resources, oil especially. So President Trump has 106 00:05:17,240 --> 00:05:19,520 Speaker 2: been great for the state of Alaska my opinion, the 107 00:05:19,520 --> 00:05:21,960 Speaker 2: best president ever for the state of Alaska. He's allowing 108 00:05:22,000 --> 00:05:24,080 Speaker 2: us to do what we do best. And so that 109 00:05:24,160 --> 00:05:27,800 Speaker 2: bill is very large, very complex, impacts everyone in this country, 110 00:05:28,000 --> 00:05:30,480 Speaker 2: all the institutions you can think of. But again, when 111 00:05:30,480 --> 00:05:35,240 Speaker 2: it comes to resources and energy, it's not just that bill, 112 00:05:35,320 --> 00:05:37,600 Speaker 2: but the work that the President's done on our Alaska 113 00:05:37,680 --> 00:05:41,000 Speaker 2: natural gas line, the executive order for Alaska. I mean 114 00:05:41,040 --> 00:05:45,560 Speaker 2: his first term he opened up a war which frankly 115 00:05:45,680 --> 00:05:47,920 Speaker 2: was very difficult, difficult to get opened in the past. 116 00:05:47,960 --> 00:05:50,599 Speaker 2: But he's done a great job for Alaska. And so 117 00:05:51,120 --> 00:05:52,359 Speaker 2: again I think there's a lot of things in that 118 00:05:52,360 --> 00:05:53,160 Speaker 2: bill for everybody. 119 00:05:54,320 --> 00:05:56,719 Speaker 1: You ever talked to Senator Murkowski about the role that 120 00:05:56,760 --> 00:06:00,920 Speaker 1: she played in framing that legislation in favor of Alaska. 121 00:06:01,600 --> 00:06:06,120 Speaker 2: Well, we were following it. I mean the Sena, Makowski Center, Sullivan, Congress, 122 00:06:06,160 --> 00:06:08,400 Speaker 2: and Reggage, they all had a hand in it. And 123 00:06:08,440 --> 00:06:10,520 Speaker 2: of course, as you're trying to craft a large bill 124 00:06:10,640 --> 00:06:12,599 Speaker 2: like that, there's going to be some things in there 125 00:06:12,680 --> 00:06:14,320 Speaker 2: that people aren't going to agree with, but you've got 126 00:06:14,360 --> 00:06:17,320 Speaker 2: to look at overall in the balance. Does it help Alaska? 127 00:06:17,360 --> 00:06:20,040 Speaker 2: Does it help the country? And our three federal officials 128 00:06:20,120 --> 00:06:22,360 Speaker 2: came to the conclusion that does, and so that's why 129 00:06:22,360 --> 00:06:23,240 Speaker 2: they voted yes on it. 130 00:06:24,120 --> 00:06:26,760 Speaker 1: Yeah, Governor, while you're still with us. So I just 131 00:06:26,800 --> 00:06:29,799 Speaker 1: want to ask you if you start seeing secondary sanctions 132 00:06:29,800 --> 00:06:34,480 Speaker 1: against countries that buy oil from Russia, even existing sanctions 133 00:06:34,520 --> 00:06:37,160 Speaker 1: on Russia. Right now, the President has threatened more if 134 00:06:37,160 --> 00:06:40,080 Speaker 1: this meeting does not go well tomorrow or if there 135 00:06:40,080 --> 00:06:43,719 Speaker 1: are no outcomes that benefit Ukraine. What does that mean 136 00:06:43,800 --> 00:06:47,000 Speaker 1: for production for energy output in Alaska. 137 00:06:48,480 --> 00:06:51,520 Speaker 2: Well, obviously if there's sanctions on oil, and personally, I 138 00:06:51,520 --> 00:06:54,039 Speaker 2: think that is a tool that could be applied when 139 00:06:54,040 --> 00:06:55,800 Speaker 2: you look at what's really happening in the world. It's 140 00:06:55,839 --> 00:06:59,880 Speaker 2: interesting because many European countries are advocating for tough stance 141 00:07:00,000 --> 00:07:02,960 Speaker 2: against Russia, yet at the same time they're buying oil 142 00:07:03,000 --> 00:07:05,280 Speaker 2: and gas from Russia, which doesn't make any sense at all. 143 00:07:05,760 --> 00:07:08,320 Speaker 2: In essence, they're helping to fuel the war effort on 144 00:07:08,320 --> 00:07:11,200 Speaker 2: the part of the Russians. What it does for Alaska, 145 00:07:11,440 --> 00:07:15,720 Speaker 2: for any oil producing sovereign anywhere in the world, it's 146 00:07:15,720 --> 00:07:17,680 Speaker 2: going to probably help in the short run because if 147 00:07:17,760 --> 00:07:20,280 Speaker 2: Russian oil is taken off the market, if Russian gas 148 00:07:20,400 --> 00:07:22,400 Speaker 2: is taken off the market, it's certainly going to help 149 00:07:22,400 --> 00:07:24,200 Speaker 2: the United States, but it's going to help other producers 150 00:07:24,200 --> 00:07:27,320 Speaker 2: as well. But again, sanctions, I think are a tool 151 00:07:27,400 --> 00:07:30,760 Speaker 2: that the President is thinking about implementing and maybe maybe 152 00:07:30,760 --> 00:07:33,520 Speaker 2: stronger sanctions, longer lasting sanctions to help bring this war 153 00:07:33,560 --> 00:07:38,160 Speaker 2: to an end. And from a security issue, a strategy issue, 154 00:07:38,400 --> 00:07:39,520 Speaker 2: it's a tool that makes sense. 155 00:07:40,800 --> 00:07:42,640 Speaker 1: Governor, what's the most important thing you're going to tell 156 00:07:42,680 --> 00:07:43,480 Speaker 1: the President tomorrow. 157 00:07:45,200 --> 00:07:46,480 Speaker 2: I'm going to thank him for what he's doing for 158 00:07:46,480 --> 00:07:49,760 Speaker 2: the state of Alaska. Talked to about about the progress 159 00:07:49,760 --> 00:07:52,720 Speaker 2: down our natural gas line, the forty four billion dollar 160 00:07:52,800 --> 00:07:56,200 Speaker 2: project which is moving ahead. And I'm going to wish 161 00:07:56,280 --> 00:07:58,880 Speaker 2: him luck in his discussions with the President of Russia. 162 00:07:59,480 --> 00:08:02,320 Speaker 2: And uh, we're all gonna hope that there's a piece, 163 00:08:02,360 --> 00:08:05,560 Speaker 2: a just piece, the war ends and we can get 164 00:08:05,600 --> 00:08:09,520 Speaker 2: on with investments, we can get on with uh, you know, 165 00:08:09,640 --> 00:08:13,160 Speaker 2: being being good neighbors to each other. And so I 166 00:08:13,160 --> 00:08:15,200 Speaker 2: think it's I think the President is gonna, uh, there's 167 00:08:15,200 --> 00:08:17,760 Speaker 2: something gonna come out of this, maybe not any final 168 00:08:17,760 --> 00:08:19,720 Speaker 2: decisions obviously in the four or five hours he's gonna 169 00:08:19,720 --> 00:08:21,800 Speaker 2: be talking with the President of Russia. But I think 170 00:08:21,800 --> 00:08:23,960 Speaker 2: it's gonna set the stage for I hope, a long 171 00:08:24,040 --> 00:08:26,840 Speaker 2: lasting peace and uh that benefits everybody in the world. 172 00:08:28,400 --> 00:08:30,680 Speaker 1: We'll be watching for you, assuming we can see his 173 00:08:30,920 --> 00:08:33,440 Speaker 1: arrival at the air base tomorrow. Governor, it's good to 174 00:08:33,480 --> 00:08:35,800 Speaker 1: have you back, and I hope the summer tourist season 175 00:08:35,800 --> 00:08:37,599 Speaker 1: has been treating you well. That's Mike don Levy, the 176 00:08:37,600 --> 00:08:38,959 Speaker 1: governor of a last big race here