ADN has some early reaction to the cooperative agreement reached by TransCanada and its new partner ExxonMobil from Gov. Sarah Palin, Interior Secretary Ken Salazar, Sen. Murkowski, Rep. Young and Sen. Begich here.
This is a very big deal for Gov. Palin, who has made the natural gas pipeline the signature energy project of her administration. It is also egg on the face of Begich, who grandstanded just last week over what he perceived as a lack of progress on the project.
TransCanada's press release is here, in PDF format. The governor's news release is here, and photos from the meeting in Dallas are here. Audio from the announcement is here, and detailed information on the partnership is here.
The announcement boosted ExxonMobil shares up 59 cents to $74.43 on the New York Stock Exchange, while TransCanada shares rose 75 Canadian cents to C$33.75 in Toronto.
Update: The take on this by The Anchoress is a must-read.
- JP
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