Posted on 05/22/2008 6:32:40 PM PDT by thackney
JUNEAU, Alaska — Alaska's governor is recommending state lawmakers approve a proposal from TransCanada Corp. to build a natural gas pipeline from Alaska's North Slope to a hub in Alberta, Canada.
Gov. Sarah Palin, along with the state's natural resources and revenue commissioners, said Thursday the Calgary-based company's plan merits issuance of a license under Palin's Alaska Gasline Inducement Act, as well as a $500 million cash inducement from the state.
They said the multibillion dollar project stood far above a proposal from oil giants BP PLC and ConocoPhillips because it was binding and enforceable.
Lawmakers have 60 days to review the license proposal. A special session begins June 3 in Juneau.
I was in Alaska during her campain and election. She run more from the point that she wouldn't let the oil companies dictate to Alaska, but Alaska would hold their feet to the fire. Her administration started by raising taxes on oil companies and making the tax increase retroactive.
Palin unveils plan to raise oil producer tax for second year
http://www.adn.com/money/industries/oil/pipeline/story/213828.html
October 3rd, 2007
Alaska Gov. Sarah Palin has released a bill proposing to raise oil taxes for the second straight year, setting the stage for a battle with major petroleum producers.
She, and Alaska, effectively STOLE money from the oil industry just like Hugo did. I guess our new "conservative" governor, Mr. Jindal, should follow her lead and demand a piece of the action for the state of Louisiana. This is flat-out theft of shareholder profits and equivalent to Alaska state government withdrawing money from the retirement accounts of all who own oil industry stocks. This is conservative?
Heard this. Not much choice since the Conoco statement of a three year study remains outside the process.
No, the proposal was shot down. Nothing was “stolen” as you say. How do I know? I live here and follow it.
The retro-active tax increase was put in place.
Like I said, she's just a thug.
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