Home |
Search |
Today's Posts |
#1
![]()
posted to rec.boats
|
|||
|
|||
![]()
ANCHORAGE, Alaska (AP)— Gov. Sarah Palin's signature accomplishment _ a
contract to build a 1,715-mile pipeline to bring natural gas from Alaska to the Lower 48 _ emerged from a flawed bidding process that narrowed the field to a company with ties to her administration, an Associated Press investigation shows. Beginning at the Republican National Convention in August, the McCain-Palin ticket has touted the pipeline as an example of how it would help America achieve energy independence. "We're building a nearly $40 billion natural gas pipeline, which is North America's largest and most expensive infrastructure project ever, to flow those sources of energy into hungry markets," Palin said during the Oct. 2 vice presidential debate. Despite Palin's boast of a smart and fair bidding process, the AP found that her team crafted terms that favored only a few independent pipeline companies and ultimately benefited the winner, TransCanada Corp. And contrary to the ballyhoo, there's no guarantee the pipeline will ever be built; at a minimum, any project is years away, as TransCanada must first overcome major financial and regulatory hurdles. In interviews and a review of records, the AP found: _Instead of creating a process that would attract many potential builders, Palin slanted the terms away from an important group _ the global energy giants that own the rights to the gas. _Despite promises and legal guidance not to talk directly with potential bidders, Palin had meetings or phone calls with nearly every major candidate, including TransCanada. - - - It just gets worse every day for the lipsticked piglet. |