WEBVTT - Alaska Governor Mike Dunleavy Talks Trump-Putin Visit

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news. We have a great

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<v Speaker 1>opportunity to bring back the Governor of Alaska, Mike Dunlevy

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<v Speaker 1>with us on Bloomberg TV and Radio. Governor, welcome back

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<v Speaker 1>to Balance of Power. It's great to see you. And

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<v Speaker 1>as I think I've made clear here, you had very

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<v Speaker 1>little notice to put all of this together, So I

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<v Speaker 1>understand it's been a busy couple of days. Is Alaska ready?

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<v Speaker 2>Oh yeah, Alaska's ready. We have the venue already selected.

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<v Speaker 2>The White House has already done that at our joint

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<v Speaker 2>base Elmendorff Richardson here in Anchors, So it's going to

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<v Speaker 2>be pretty secure. The President's going to land there and

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<v Speaker 2>they've got a lot of space for meetings, and so

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<v Speaker 2>I think it's a location that works well.

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<v Speaker 1>Will you be greeting the President on the tarmac.

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<v Speaker 2>I'll be meeting with the President Friday morning briefly and

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<v Speaker 2>so yes, and we'll have probably a very brief conversation

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<v Speaker 2>about things such as our Alaska National Gas Line and

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<v Speaker 2>other things happening here in Alaska.

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<v Speaker 1>Understood. Really incredible reporting here about the logistics going into

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<v Speaker 1>all of this. Anchorage has a limited number of hotel

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<v Speaker 1>rooms to work with. You're a small rental car market,

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<v Speaker 1>so we're trucking in all kinds of resources here, whether

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<v Speaker 1>it's vehicles being flown in from the Lower forty eight

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<v Speaker 1>or from other parts of your state. How much of

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<v Speaker 1>this has been a logistical experiment for your office, Well.

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<v Speaker 2>Again, most of this is being handled by the White

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<v Speaker 2>House itself, and they're doing a great job. They've interfaced

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<v Speaker 2>with us, They've interfaced with our troopers, and i've city

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<v Speaker 2>police here and Anchorage, and so the vast majority of

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<v Speaker 2>this is being handled by the White House. It is

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<v Speaker 2>tourist season. We're in the height of tourist season, so

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<v Speaker 2>hotels are tight, cars are tight, as you mentioned. But again,

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<v Speaker 2>having this on the base alleviates a lot of issues,

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<v Speaker 2>and so it's going to be on the base. Tourism

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<v Speaker 2>will continue here. There's going to be a lot of

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<v Speaker 2>reporters here, a lot of others with their eyes on

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<v Speaker 2>this great state. So we're prepared. Well.

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<v Speaker 1>I should think that that's a pretty good thing for Alaska.

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<v Speaker 1>Going to be seeing all weekend lots of beauty shots

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<v Speaker 1>of your state, I'm sure, and a lot of tourists

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<v Speaker 1>will have stories to tell when they come home. We

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<v Speaker 1>know the secret services on the ground there, Governor, and

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<v Speaker 1>I don't know to what extent you can answer these questions.

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<v Speaker 1>Are there Russian agents in Alaska right now?

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<v Speaker 2>I don't know. I don't have the answer to that

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<v Speaker 2>that that again would be something the White House we know,

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<v Speaker 2>but if there are, it hasn't been made known to us.

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<v Speaker 1>Interesting, as you mentioned, this is taking place here at

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<v Speaker 1>the joint Base, which gives you, you know, the logistical

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<v Speaker 1>cover here to keep that sort of self contained. But

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<v Speaker 1>when you consider the number of folks coming into the state,

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<v Speaker 1>it's pretty interesting to imagine what it's going to look

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<v Speaker 1>like in Anchorage. Is this the biggest thing to happen

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<v Speaker 1>to Anchorage? Ever?

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<v Speaker 2>This is one of the Yeah, sure, this is one

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<v Speaker 2>of the biggest things to happen. And we've we've had

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<v Speaker 2>we've had the Pope and you know, President Reagan here

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<v Speaker 2>at one time years ago, obviously, But this is this

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<v Speaker 2>is a huge, a huge issue, a huge deal for Alaska.

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<v Speaker 2>It makes sense when you look at the globe. We're

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<v Speaker 2>only two and a half miles from Russia. The President

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<v Speaker 2>of Russia just has to fly a few miles across

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<v Speaker 2>the Barring Sea to get here. President Trump as to

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<v Speaker 2>come up from the lower forty eight go through Canada,

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<v Speaker 2>and so we're closer. I think we're closer to Moscow

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<v Speaker 2>by about two and a half hours than Washington, DC

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<v Speaker 2>is going the other way, and so makes sense to

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<v Speaker 2>be here. We're glad to host it. Whatever we're gonna

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<v Speaker 2>do to help, especially with this issue of peace, hopefully

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<v Speaker 2>in Ukraine sooner than later.

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<v Speaker 1>Alaska's standing back, Well, that's great, and it's a pleasure

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<v Speaker 1>to spend some time with you here. As we wait

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<v Speaker 1>to hear from President Trump, I will let you know

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<v Speaker 1>that they're mobilizing reporters, so at some point here this

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<v Speaker 1>hour will end up in the Oval Office, and I

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<v Speaker 1>suspect he'll have some things to say about this visit Governor.

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<v Speaker 1>He's also likely to talk about his Big, Beautiful Bill,

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<v Speaker 1>which is something that he's and other members of the

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<v Speaker 1>administration are trying to remind people of now that it's

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<v Speaker 1>actually being enacted, trying to highlight what they see as

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<v Speaker 1>the benefits of the bill. Alaska played a pretty big

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<v Speaker 1>role through your Senator Lisa Murkowski and the final shaping

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<v Speaker 1>of that bill. She talked about feeling cheated even though

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<v Speaker 1>she voted to pass the legislation and had carved out

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<v Speaker 1>some pretty interesting things for Alaska when it comes to

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<v Speaker 1>rural hospitals, when it comes to even I believe tax

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<v Speaker 1>credits for whaling captains, and I suspect that you would

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<v Speaker 1>probably tell me about the energy enhancements in the Arctic

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<v Speaker 1>that are going to be coming to your state. What's

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<v Speaker 1>the most important part of the big beautiful bill when

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<v Speaker 1>it comes to Alaska.

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<v Speaker 2>Well, it's a huge bill. It's got a lot of implications.

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<v Speaker 2>I mean, there's there's some tax relief in there for

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<v Speaker 2>almost everyone. As you mentioned rural hospitals, they got a

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<v Speaker 2>big win, not just here in Alaska but across the country.

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<v Speaker 2>But really, for us, it's the approach to energy, it's

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<v Speaker 2>the approach to critical minerals, our resources. We are a

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<v Speaker 2>resource state. Under the previous administration, and we talked about

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<v Speaker 2>that in the past on Bloomberg. We were not treat

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<v Speaker 2>it well, to be perfectly honest with you, by the

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<v Speaker 2>Biden administration. As a matter of fact, we had more

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<v Speaker 2>we called them sanctions, about seventy sanctions by the federal

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<v Speaker 2>government on Alaska during that time. Well, at the same time,

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<v Speaker 2>the Biden administration was having conversations with Venezuela, I ran

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<v Speaker 2>on others for resources, oil especially. So President Trump has

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<v Speaker 2>been great for the state of Alaska my opinion, the

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<v Speaker 2>best president ever for the state of Alaska. He's allowing

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<v Speaker 2>us to do what we do best. And so that

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<v Speaker 2>bill is very large, very complex, impacts everyone in this country,

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<v Speaker 2>all the institutions you can think of. But again, when

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<v Speaker 2>it comes to resources and energy, it's not just that bill,

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<v Speaker 2>but the work that the President's done on our Alaska

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<v Speaker 2>natural gas line, the executive order for Alaska. I mean

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<v Speaker 2>his first term he opened up a war which frankly

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<v Speaker 2>was very difficult, difficult to get opened in the past.

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<v Speaker 2>But he's done a great job for Alaska. And so

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<v Speaker 2>again I think there's a lot of things in that

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<v Speaker 2>bill for everybody.

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<v Speaker 1>You ever talked to Senator Murkowski about the role that

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<v Speaker 1>she played in framing that legislation in favor of Alaska.

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<v Speaker 2>Well, we were following it. I mean the Sena, Makowski Center, Sullivan, Congress,

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<v Speaker 2>and Reggage, they all had a hand in it. And

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<v Speaker 2>of course, as you're trying to craft a large bill

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<v Speaker 2>like that, there's going to be some things in there

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<v Speaker 2>that people aren't going to agree with, but you've got

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<v Speaker 2>to look at overall in the balance. Does it help Alaska?

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<v Speaker 2>Does it help the country? And our three federal officials

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<v Speaker 2>came to the conclusion that does, and so that's why

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<v Speaker 2>they voted yes on it.

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<v Speaker 1>Yeah, Governor, while you're still with us. So I just

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<v Speaker 1>want to ask you if you start seeing secondary sanctions

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<v Speaker 1>against countries that buy oil from Russia, even existing sanctions

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<v Speaker 1>on Russia. Right now, the President has threatened more if

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<v Speaker 1>this meeting does not go well tomorrow or if there

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<v Speaker 1>are no outcomes that benefit Ukraine. What does that mean

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<v Speaker 1>for production for energy output in Alaska.

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<v Speaker 2>Well, obviously if there's sanctions on oil, and personally, I

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<v Speaker 2>think that is a tool that could be applied when

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<v Speaker 2>you look at what's really happening in the world. It's

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<v Speaker 2>interesting because many European countries are advocating for tough stance

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<v Speaker 2>against Russia, yet at the same time they're buying oil

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<v Speaker 2>and gas from Russia, which doesn't make any sense at all.

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<v Speaker 2>In essence, they're helping to fuel the war effort on

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<v Speaker 2>the part of the Russians. What it does for Alaska,

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<v Speaker 2>for any oil producing sovereign anywhere in the world, it's

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<v Speaker 2>going to probably help in the short run because if

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<v Speaker 2>Russian oil is taken off the market, if Russian gas

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<v Speaker 2>is taken off the market, it's certainly going to help

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<v Speaker 2>the United States, but it's going to help other producers

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<v Speaker 2>as well. But again, sanctions, I think are a tool

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<v Speaker 2>that the President is thinking about implementing and maybe maybe

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<v Speaker 2>stronger sanctions, longer lasting sanctions to help bring this war

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<v Speaker 2>to an end. And from a security issue, a strategy issue,

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<v Speaker 2>it's a tool that makes sense.

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<v Speaker 1>Governor, what's the most important thing you're going to tell

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<v Speaker 1>the President tomorrow.

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<v Speaker 2>I'm going to thank him for what he's doing for

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<v Speaker 2>the state of Alaska. Talked to about about the progress

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<v Speaker 2>down our natural gas line, the forty four billion dollar

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<v Speaker 2>project which is moving ahead. And I'm going to wish

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<v Speaker 2>him luck in his discussions with the President of Russia.

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<v Speaker 2>And uh, we're all gonna hope that there's a piece,

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<v Speaker 2>a just piece, the war ends and we can get

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<v Speaker 2>on with investments, we can get on with uh, you know,

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<v Speaker 2>being being good neighbors to each other. And so I

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<v Speaker 2>think it's I think the President is gonna, uh, there's

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<v Speaker 2>something gonna come out of this, maybe not any final

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<v Speaker 2>decisions obviously in the four or five hours he's gonna

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<v Speaker 2>be talking with the President of Russia. But I think

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<v Speaker 2>it's gonna set the stage for I hope, a long

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<v Speaker 2>lasting peace and uh that benefits everybody in the world.

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<v Speaker 1>We'll be watching for you, assuming we can see his

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<v Speaker 1>arrival at the air base tomorrow. Governor, it's good to

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<v Speaker 1>have you back, and I hope the summer tourist season

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<v Speaker 1>has been treating you well. That's Mike don Levy, the

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<v Speaker 1>governor of a last big race here