The two companies said Exxon will participate in all aspects of TransCanada's project: technical, commercial, regulatory and financial. TransCanada will retain the lead in its project and be majority owner.
The alliance of Exxon and TransCanada was hailed by Gov. Sarah Palin, whose administration is backing the TransCanada project under legislation -- the Alaska Gasline Inducement Act -- she pushed through in 2007, her first year in office.
She described the agreement as "very encouraging and exciting, but certainly no surprise, because AGIA was crafted to allow just this type of commercial alignment to take place." [Engineering News Record, 6/12]
Quite an achievement for "Trailer Trash", huh? How many quads of energy did Obama bring to market?
I was a Palin fan long before I knew she was a babe and a conservative, just because she did something to bring a new supply to the states, by realizing that LNG was not the way to go.
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