Alaska Gov. Backs License For Natural Gas Pipeline

By: Associated Press
By: Associated Press

JUNEAU, Alaska (AP) - 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,
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
They said the multibillion dollar project stood far above a
proposal from oil giants BP PLC and Houston-based ConocoPhillips
because it was binding and enforceable.
Lawmakers have 60 days to review the license proposal. A special
session begins June 3 in Juneau.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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