Alaksa Senate Votes 14-5 for TransCanada Eh?

Today the Alaska Senate voted 14-5 to award a license to build a natural gas pipeline to TransCanada.

The license includes a $500 Million (US) payment from the State of Alaska to TransCanada to help the pipeline company move forward with the multi-billion dollar project.

It's not yet a ride on the gravy train with biscuit wheels for the Canadians. They will have to contend with the Denali Pipeline.

The Denali Pipeline doesn't have $500 Million of State handout money, but they do have gas to fill their pipeline. Committed gas is needed to secure funding to build the gas pipeline.

Competing ideas for a All Alaska / All American pipeline for LNG export are off the table for the time being.

It's a big gamble. The $500 Million is actually the smallest sum at risk. The TransCanada plan could derail or delay the ultimate pipeline by years if the process lands all parties in court.

Ironically a total solar eclipse started in the Arctic today over Canada...

A sign from above perhaps?