Palin's Billion Dollar Pipeline (with possible federal financing)

[VenusRising]

TransCanada Gets Alaska Governor Palin's Approval for Pipeline

By Eduard Gismatullin

Aug. 29 (Bloomberg) -- TransCanada Corp., the nation's largest pipeline company, won approval from Alaska Governor Sarah Palin to build a $27 billion pipeline to carry natural gas from the Arctic to U.S. markets.

Palin on Aug. 27 signed a bill authorizing the state to award Calgary-based TransCanada a license to build the 1,715- mile (2,744-kilometer) link from Prudhoe Bay to the Alberta Hub in Canada, according to a statement. The license will be granted in 90 days.


Also related:
http://www.earthportal.org/news/?p=832


TransCanada’s gas line bid is cause for concern, critics say
Posted on January 25th, 2008

Wesley Loy
for The Anchorage Daily News
January 20, 2008

In her State of the State speech to lawmakers last week, Gov. Sarah Palin said her plan for delivering a natural gas pipeline to Alaska is working.

The proof, she said, is that “a respected pipeline construction company, TransCanada, submitted a proposal that meets all of Alaska’s requirements.”

But critics are questioning TransCanada Corp.’s bid and Palin’s optimism.

<snip>

The critics note TransCanada’s proposal is rife with clues that it will take far more than a newfangled state license and $500 million in seed money to launch the state’s most important and elusive economic development project.

While not demanding — it can’t, under terms of Palin’s Alaska Gasline Inducement Act, or AGIA — the company is suggesting a pipeline might need billions in new financial backing from the U.S. government. To some, TransCanada is signaling the foundation is not yet in place for the 1,715-mile, $26 billion Alaska Highway pipeline the company has proposed. And that Alaska’s government risks wasting years and huge sums of money by throwing in now with TransCanada.

“They’ve already admitted they can’t do the job, so why are we giving them $500 million and a state license?” said Andrew Halcro, an AGIA critic who in 2006 ran for governor as an independent against Republican Palin.

[Max_powers94]

1. just a matter of time

[VenusRising]

2. How much more are we going to find out first?

:crazy:

[MarjorieG]

3. This should be an on-air discussion, rather than pregnancies.

[VenusRising]

4. I agree.

I would like to know just where this federal money is supposed to come from considering we are already in debt because of wars, oil speculators, and big oil. If the VP position is her road to giving these energy corporations billions in federal money, then we ALL need to know about it.

[quantass]

5. kr

[McCamy Taylor]

6. And why is a company with the name "Canada" getting this contract?

[VenusRising]

7. KICK!

[VenusRising]

8. Kicking

Because Billions of dollars matters!!!!!!!

[Zodiak]

9. Whoa!

26 billion of corporate welfare to an oil company?

That is pretty damning.....I'm sure the American people are tired of oil barons in the WH.