Palin’s Phantom Pipeline Steals $500 Million from Taxpayers
On August 27, 2008, Palin signed AGIA (Alaska Gasline Inducement Act) into law awarding TransCanada 500 million dollars and a license to build and operate the $26-billion pipeline to transport natural gas from the North Slope. A license. That’s all. The state will issued a license to Canadian energy company, TransCanada, and will pay it up to $500 million as an incentive to someday build this project. If the project isn’t built, the state could be beholden to TransCanada for treble damages.