JUNEAU, Alaska — On Friday, Gov. Sean Parnell reaffirmed that he does indeed have a solid commitment from BP that North Slope producers will make $5 billion in investments in Alaska -- commitments that he says will get "underway" within the next three years. Parnell's statements came after members of the state Senate criticized the governor for making such claims.
In a letter to the governor Friday, Sen. Hollis French (D-Anchorage) urged Parnell to "desist" from claiming he had a $5 billion commitment over 3 years.
French issued the letter after the Senate Natural Resources Committee heard testimony Thursday night from Damon Bilbao, the financial officer for oil giant BP.
In that testimony, Bilbao stated that the commitment was to spend the money over a period of at least six years -- not three, as Parnell seemed to state.