Sat
Mar
14
2009
Beneficial Alaskan Gas Pipeline on hold?
JUNEAU, Alaska — Two Alaska lawmakers have introduced a resolution that would call on Governor Sarah Palin to re-evaluate the natural gas pipeline license awarded to TransCanada Corporation.
The resolution was introduced today by Republican Reps. Jay Ramras of Fairbanks and Craig Johnson of Anchorage.
They say a review is warranted given the risks for project financing during the global economic recession.
If passed, the resolution would call for Palin and the attorney general to report back findings of their review within 180 days.
For now, the resolution has been sent to a House subcommittee.
Last year, Calgary-based Trans-Canada won an exclusive state license to build the gas line.
It includes up to 500 (m) million dollars in state incentive money.
BP and ConocoPhillips are working on a competing proposal, called Denali.
© 2009 The Canadian Press. All rights reserved.
