A7
B USINESS
THE BULLETIN • FRIDAY, MARCH 26, 2021
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DOW
32,619.48 +199.42
BRIEFING
Schep Building in
Bend sells for $3.5M
The Schep Building, lo-
cated on Bend’s west side,
has been purchased by
Bend Commercial Glass &
Door for $3.55 million.
The building, located
at 1004 SW Emkay Drive,
had an asking price of
$4.15 million. The seller,
Jacob Schep, was repre-
sented by Brian Fratzke,
the principal at Fratzke
Commercial Real Estate
Advisors.
The 18,430-square-
foot building has a flex
design and is named after
Schep, who had it built
in 1993.
Bend Commercial
Glass & Door will be the
sole occupant of the
building, which will be
updated with help from
LB Engineering and Kell-
con Construction.
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bendbulletin.com/business
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Oil industry group backs federal price on carbon Investors
pour
$1.5M
into area
startup
NASDAQ
12,977.68 +15.79
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S&P 500
3,909.52 +20.38
BY MATTHEW DALY
AND MATTHEW BROWN
The Associated Press
WASHINGTON — The
oil and gas industry’s top lob-
bying group on Thursday
endorsed a federal price on
carbon dioxide emissions that
contribute to global warming,
a reversal of longstanding pol-
icy that comes as the Biden
administration has pledged
dramatic steps to address cli-
mate change.
The American Petroleum
Institute, whose members
include ExxonMobil, Chev-
ron and other oil giants, an-
p
30-YR T-BOND
2.33% +.02
nounced the shift ahead of a
virtual forum Thursday by
the Interior Department as it
launches a months-long re-
view of the government’s oil
and gas sales.
The institute also called
for fast-tracking commercial
deployment of long-sought
technology to capture and
store carbon emissions, as
well as federal regulation of
methane emissions from new
and existing oil and gas wells,
after strongly resisting such
regulations proposed by the
Obama administration.
See Carbon / A8
q
CRUDE OIL
$58.56 -2.62
q
q
GOLD
$1,724.90 -8.00
SILVER
$25.02 -.18
BY MICHAEL KOHN
The Bulletin
Charlie Riedel/AP file
Pumpjacks work in a field near Lovington, New Mexico in 2015.
Sunriver Resort
seeks summer hires
Sunriver Resort is
looking for 400 men
and women to hire for its
summer season.
Some positions will
start at $17 an hour. An
in-person hiring fair will
be held on April 14 at the
Homestead Building at
the resort. An application
is online at www.sunriv-
erresort.com and appli-
cants are asked to bring a
resume.
Part-time and full-
time seasonal positions
include: culinary and
housekeeping staff,
marina, golf services and
shop attendants, green-
skeepers, guest services,
spa-service providers,
pool and recreation
ambassadors, food and
beverage and manage-
ment.
With the Memorial Day
weekend opening of the
newly expanded Cove
Aquatic Center, lifeguards,
front desk, food service
and culinary staff will also
be needed.
State discloses
virus outbreak
An outbreak at Pacific
Seafood in Warrenton is
tied to eight coronavirus
cases.
The cases were dis-
closed by the Oregon
Health Authority on
Wednesday . The investi-
gation began on March
9, according to the health
authority, and the most
recent onset was March
14.
“It’s been concerning
to see the rising cases of
COVID-19 in our commu-
nity and unfortunately
eight of our workers were
impacted,” Brandie Hogg,
the vice president of hu-
man resources for Pacific
Seafood, said in a state-
ment. “Thankfully, five
have already recovered
and returned to work
while others recuperate
at home.
“We’re looking forward
to our upcoming on-site
vaccination clinic for all
workers (and household
members 18+) and to
start being able to put
the pandemic behind us.
Pacific Seafood remains
vigilant in all COVID-19
mitigation efforts and
continues to operate in
accordance with all CDC
(Centers for Disease Con-
trol and Prevention) guid-
ance.”
— Bulletin staff
and wire reports
This satellite image shows the cargo ship MV
Ever Given stuck in the Suez Canal Thursday
Cnes2021, Distribution Airbus DS via AP
LOSSES MOUNT FROM
CARGO VESSEL STUCK
IN THE SUEZ CANAL
BY JON GAMBRELL AND SAMY MAGDY
The Associated Press
Suez Canal Authority via AP
A backhoe tries to dig out the keel of the Ever Given, a Pana-
ma-flagged cargo ship, that is wedged across the Suez Canal and
blocking traffic in the vital waterway. An operation is underway to try
to work free the ship, which further imperiled global shipping Thurs-
day as at least 150 other vessels needing to pass through the crucial
waterway idled waiting for the obstruction to clear.
EURO
$1.1779 -.0041
ISMAILIA, Egypt — Dredgers, tugboats and
even a backhoe failed to free a giant cargo ship
wedged in Egypt’s Suez Canal on Thursday. More
than 150 vessels are now backed up, with hundreds
more headed to the vital waterway, and losses to
global shipping are mounting.
The skyscraper-sized Ever Given, carrying cargo
between Asia and Europe, ran aground Tuesday in
the narrow, man-made canal dividing continental
Africa from the Sinai Peninsula. Even helped by
high tides, authorities have been unable to push the
Panama-flagged container vessel aside, and they
are looking for new ideas to free it.
In a sign of the turmoil the blockage has caused,
the ship’s Japanese owner even offered a written
apology.
“We are determined to keep on working hard
to resolve this situation as soon as possible,” Shoei
Kisen Kaisha Ltd. said. “We would like to apologize
to all parties affected by this incident, including
the ships travelling and planning to travel through
Suez Canal.”
As efforts to free it resumed at daylight Thurs-
day, an Egyptian canal authority official said work-
ers hoped to avoid offloading containers from the
vessel as it would take days to do so and extend the
closure. The official spoke on condition of ano-
nymity as he wasn’t authorized to talk to journal-
ists.
So far, dredgers have tried to clear silt around the
massive ship. Tug boats nudged the vessel along-
side it, trying to gain momentum. From the shore,
at least one backhoe dug into the canal’s sandy
banks, suggesting the bow of the ship had plowed
into it. However, satellite photos taken Thursday
and analyzed by The Associated Press showed the
vessel still stuck in the same location.
See Stuck / A8
Instashowing, a web-based
application that helps real es-
tate brokers schedule their
home showings, has raised $1.5
million in an initial round of
funding.
William Schoeffler, the
22-year-old Bend-based entre-
preneur who created the ap-
plication, built Instashowing
mainly during the lockdown
and quarantine months of
2020. He was simultaneously
studying online at the Univer-
sity of Oregon, working toward
a bachelor’s degree in business.
Instashowing is integrated
with the Multiple Listings Ser-
vice, known as MLS, a tool that
helps connect listing brokers
with brokers who work with
homebuyers.
The investment group that
put money into Instashowing
includes Pete Flint, founder
of real estate listings company
Trulia, and Greg Schwartz,
chief executive of fintech
startup Tomo.
“Local agents and brokers
covet a digital home touring
tool which is independent
from the big real estate plat-
forms and is innovative and
growing,” said Schwartz. “In-
stashowing does that, provid-
ing great digital tools which
will delight homebuyers and
agents alike.”
Schoeffler employs six peo-
ple and said the funding will
be used to hire more employ-
ees and expand services. His
goal is to have 250,000 real es-
tate agents using his platform
within 12 months.
Reporter: 541-617-7818,
mkohn@bendbulletin.com
State still
bars debt
collectors
from relief
money
BY JAMIE GOLDBERG
The Oregonian
The state of Oregon is con-
tinuing to bar creditors and
debt collectors from seizing
federal stimulus payments
sent to Oregonians.
A bill introduced by Ore-
gon’s U.S. Sen. Ron Wyden,
Democrat, earlier this month
would have shielded stimulus
payments that U.S. taxpayers
in all jurisdictions received
under the latest coronavirus
relief bill from being claimed
by debt collectors. But his bill
was blocked last week.
That means that in many
parts of the country, debt col-
lectors have the right to seize
some or all of the $1,400 in
relief that the federal gov-
ernments is paying out. That
money started being depos-
ited in bank accounts last
week.
But most Oregonians won’t
have to worry about their re-
lief payment being seized.
Gov. Kate Brown issued
an order in April preventing
creditors and debt collectors
from seizing federal stimulus
money sent to Oregonians.
See Debt / A8