Congress paves the way for the natural gas pipeline
At a cost that could exceed $43 billion, the 4,800-mile Alaska-Canada natural gas pipeline will be the most expensive privately financed construction project in history, surpassing by far the $9 billion spent on the 789-mile Alaskan oil pipeline during the 1970s. Last week the U.S. House of Representatives passed a bill already approved by the Senate that could make the project the most controversial as well.
By a 230-to-188 vote, the lawmakers approved a package of waivers to the Alaska Natural Gas Transportation Act, which set the ground rules for the project as...
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