Showing posts with label cronyism. Show all posts
Showing posts with label cronyism. Show all posts

Sunday, October 26, 2008

Palin Pipeline's Poor Planning Puts Paycheck in Pal's Pocket

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.

"Most definitely TransCanada got a sweetheart deal this time," said Republican Sen. Bert Stedman, who voted against the TransCanada license. "Where else could you get a $500 million reimbursement when you don't even have the financing to build the pipeline?"

read full article here...

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