Governor Parnell announces large investment plan for Alaska's oil

Governor Sean Parnell announced plans to move forward with a $60 billion natural gas pipeline.


by Victoria Taylor

ANCHORAGE- Governor Sean Parnell announced plans to move forward with a $60 billion natural gas pipeline.


For decades the state has developed pipelines from the north slope to Valdez.
Friday at the Alaska Support Industry Alliance, Governor parnell announced his decision to push forward with a more progressive project, abandoning a one year old agreement with TransCanada.
"In order to succesfully tackle the multi billion dollar project, the governor is asking for public input and support from the legislation.
"Our proposed legislation would allow DNR to modify certain leases and allow the state to enter into agreements to allow the state to ship gas. The legislation will also vote on moving from a gross net tax to a variable flat tax."
This change would allow certain leases to be paid for with gas.
It could also mean dropping prices Alaskans are currently paying for essentials, like energy.
"Moving forward with an lNG project will not only be viable for the producers, so that they're able to make money off such an expensive project, but also serve Alaskans with more affordable energy," says Rebecca Logan with the Alaska Support Industry Alliance.  
"Theere are always direct and indirect benefits, you know our contractors get hired, and they hire people to work on a project of that scale and they're hired for a certain skill and pauid very well and the multiplier scale for that is huge."
The governor makes it very clear this is a project he is behind one hundred percent.
"Bottom line: we will have an investment quality project."
A project and plan he says will move the state forward on it's own terms.
The final hope for the project is to put more of the state's natural resources in the hands of her people.     
Governor Parnell says the next four months will be crucial in developing the project, durng which time he is asking for the public's input as he seeks legislative approval.



You have indicated this comment should be removed.


The comment has been submitted for review. Thank you .

Dan said on Tuesday, Jan 14 at 6:27 PM

If we would stop wasting money on unwanted and un-needed islands on streets everywhere to appease union labor we could build it ourselves. Politicians need to stop the pandering and do what's right for Alaska. While private sector employees suffer with pay reductions during the Obama reign of fiscal terror, we are also strapped with inordinate pay increases for the public sector employees that don't contribute to the tax burden because their money is recycled from private sector taxes. We need to secure our energy and financial future with more common sense decisions rather than looking to gain political capital all the time. Anchorage is a prime example what that type of irresponsibility leads to when you look at the Begich years. He grew government by 60% while reducing services by 40% and the some of the most rapid increases in taxes to homeowners ever experienced. He and is CFO were both found guilty of cooking the books. Unfortunately (As usual) without penalty.

Add a comment


Comment: 1000 Characters Left

Coastal Television | AK News, Weather and Sports | and its affiliated companies are not responsible for the content of comments posted or for anything arising out of use of the above comments or other interaction among the users. We reserve the right to screen, refuse to post, remove or edit user-generated content at any time and for any or no reason in our absolute and sole discretion without prior notice, although we have no duty to do so or to monitor any Public Forum.