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Sovereign Wealth Funds Briefing - Categorized | Market

Why not use permanent fund to build a gas line?

Posted on 17 April 2014

Unlike with other resource issues, Alaskans stand pretty much united in our efforts to monetize the huge gas reserves of Alaska’s North Slope. The Legislature has spent a good portion of the session holding hearings and listening to consultants on the administration’s proposal, Senate Bill 138, and its two components, the memorandum of understanding and the Heads of Agreement.
I have expressed my concerns to the House and Senate committees regarding the MOU’s proposal to have TransCanada acquire what would otherwise be the state’s 25 percent equity interest in the gas line in exchange for being the bank and financing construction of the gas line………………………………………..Full Article: Source


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