Monday, September 1, 2008

How Much Do we know of her Canada Deal ?

In March 2007, Palin presented the Alaska Gasline Inducement Act (AGIA) as the new legal vehicle for building a natural gas pipeline from the state's North Slope.[59] This negated a deal by the previous governor to grant the contract to a coalition including BP (her husband's former employer). Only one legislator, Representative Ralph Samuels,[60] voted against the measure,[61] and in June, Palin signed it into law.[62] On January 5 2008, Palin announced that a Canadian company, TransCanada Corp., was the sole AGIA-compliant applicant.[63][64] In August 2008, Palin signed a bill into law giving the state of Alaska authority to award TransCanada Pipelines $500 million in seed money and a license to build and operate the $26-billion pipeline to transport natural gas from the North Slope to the Lower 48 through Canada.

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