‘We’ve had enough’: Congress passes $1.6 billion aid package for Alaska’s oil industry

The U.S. House on Wednesday approved $1,636 million in emergency aid to help struggling Alaska oil and gas companies recover from the devastating impacts of climate change, but lawmakers were split over whether to extend it beyond 2020.

The House voted 251-180 to authorize the $1 billion for the Alaska Energy Development Corporation, or ADEC.

The bill passed by a voice vote and is now awaiting a Senate vote.

The House also approved $711 million in federal funds to help help oil producers.

The Alaska Energy Exploration Tax Credit was expanded to $15,000 per year for a single oil or gas well drilling in 2017, according to the House Energy and Natural Resources Committee, which passed the measure on a party-line vote.

The bill also extends an $8 million program that gives a 30-year tax credit to oil and natural gas producers for drilling new wells, extending the tax credit through 2024.

The credit was approved in 2017 by the House, but was blocked by President Donald Trump.

The Senate Appropriations Committee also passed the $8.8 billion ADEC fund, giving $3.5 billion for oil and other energy-related development and $3 billion for energy efficiency and conservation projects.

The oil and energy industry is hoping the bipartisan spending package, which is expected to be approved in the coming days, will help them weather the effects of a climate change-fueled downturn in crude prices that has been hampering the industry.

The Trump administration, which opposes the ADEC, says it will be unable to afford to maintain current production levels and that it will likely increase production and price, according the White House.

The White House also has argued that the ADec would be a boon to the state if it were able to find new revenue sources, including oil and oil-sands development.