How does a Natural Gas Pipeline fit into the Alaskan Ownership Stake?
The idea to give Alaskans a chance to “Own a Piece of the Pipe” builds on a proposal Senator Ted Stevens, Senator Lisa Murkowski, and Representative Don Young included in the 2004 federal Alaska Natural Gas Pipeline Act. That legislation specifically recognized the importance of allowing individual Alaskans, Alaskan owned companies, and Alaska Native Corporations to invest in the pipeline to further economic development. As Governor, I will work with the Legislature to encourage and allow Alaska businesses and Alaska Native Corporations to also participate in investing in the project. By offering individual Alaskans a chance to participate in building the gas pipeline, we improve the likelihood a pipeline will be built, and we ensure that willing participants reap the benefits of their investment. The Alaska Ownership Stake gives all willing Alaskans the ability to become shareholders in the pipeline itself, using their own funds and based on their own market-based decisions. Important
