On Tuesday, July 22, 2008, the Alaska House of Representatives approved TransCanada’s plans to build a $26 billion, 1,700 mile pipeline to transport natural gas from Alaska’s North Slope to the US market. An Alaskan State license means streamlined permitting and the state of Alaska will match up to $500 million for funds TransCanada spends on preconstruction costs. Opponents of the pipeline criticize what they see as a $500 million state subsidy for TransCanada. To read the article click here
