Changes

Palin spoke a great deal about harnessing [[oil]] and natural [[gas]] resources, Palin presented the Alaska Gasline Inducement Act (AGIA) in March 2007, which was intended to lead to the construction of a gasline. <ref>http://www.newsminer.com/news/2008/aug/29/palin-alaska-gasline-inducement-act-nears-completi/</ref> It received bipartisan support and was signed into law by Governor Palin in June. In August of 2008 she signed legislation giving state authority to award TransCanada Corp a license to build and operate a multibillion-dollar pipeline to ship natural gas from the North Slope. <ref>http://www.canada.com/calgaryherald/news/story.html?id=2e84b1e8-9a4a-4558-ad05-21b517c50fae</ref> While this was intended to improve Alaska's economy it became merely a vehicle to pay $37 million to Transcanada with potential libailities for the state of up to half a billion dollars <ref>http://www.adn.com/2011/01/20/1659129/lawmakers-express-frustration.html</ref> all for a pipeline that will not be able to make money for 20 years based on natural gas forecasts <ref>http://www.adn.com/2010/12/22/1616472/report-leaves-pipeline-out-of.html</ref>. Alaska's law makers are currently looking for ways to exit the Palin plan for a gas line. <ref>http://www.adn.com/2011/02/04/1684449/alaska-lawmakers-propose-ditching.html</ref>  As Governor, Palin created a new subcabinet that develops policies to reduce greenhouse gases and help the state adapt to [[climate change]]. She supports oil production in ANWR, connecting it with national security.<ref>http://www.youtube.com/watch?v=2GE11URmmnc</ref>

Palin spoke a great deal about harnessing [[oil]] and natural [[gas]] resources, Palin presented the Alaska Gasline Inducement Act (AGIA) in March 2007, which was intended to lead to the construction of a gasline. <ref>http://www.newsminer.com/news/2008/aug/29/palin-alaska-gasline-inducement-act-nears-completi/</ref> It received bipartisan support and was signed into law by Governor Palin in June. In August of 2008 she signed legislation giving state authority to award TransCanada Corp a license to build and operate a multibillion-dollar pipeline to ship natural gas from the North Slope. <ref>http://www.canada.com/calgaryherald/news/story.html?id=2e84b1e8-9a4a-4558-ad05-21b517c50fae</ref> While this was intended to improve Alaska's economy it became merely a vehicle to pay $37 million to Transcanada with potential libailities for the state of up to half a billion dollars <ref>http://www.adn.com/2011/01/20/1659129/lawmakers-express-frustration.html</ref> all for a pipeline that will not be able to make money for 20 years based on natural gas forecasts <ref>http://www.adn.com/2010/12/22/1616472/report-leaves-pipeline-out-of.html</ref>. Alaska's law makers are currently looking for ways to exit the Palin plan for a gas line. <ref>http://www.adn.com/2011/02/04/1684449/alaska-lawmakers-propose-ditching.html</ref>  As Governor, Palin created a new subcabinet that develops policies to reduce greenhouse gases and help the state adapt to [[climate change]]. She supports oil production in ANWR, connecting it with national security.<ref>http://www.youtube.com/watch?v=2GE11URmmnc</ref>

In 2007 the housing bubble burst, which did not significantly affect Alaska. It did soften the dollar, which raised the dollar price of oil in the global market with out raising the costs of production, this lead to windfall profits. Over the objections of oil companies, Palin worked with the [[Democrats]] on the Alaska state legislature to approve a major increase in taxes on the oil industry.<ref>[http://seattletimes.nwsource.com/html/localnews/2008103325_alaskatax07.html Windfall tax lets Alaska rake in billions from Big Oil]</ref>"Alaska's Clear and Equitable Share" (ACES, Lapooned by the conservative talk radio media as Alaskans Clearly Entering Socialism<ref>Rick Rydell Radio Program, 650KENI.com, 2/8/2011, 8:43 AM Alaska Standard Time</ref>.) The state then gave Alaskans a $1200 check to pay for increased gas prices, using the increased revenues from the tax.<ref>[http://hotair.com/archives/2008/08/11/palin-backed-alaskan-windfall-profits-tax/ Palin backed Alaskan windfalls-profit tax]</ref>

In 2007 the [[housing bubble]] burst, which did not significantly affect Alaska. It did soften the dollar, which raised the dollar price of oil in the global market with out raising the costs of production, this lead to windfall profits. Over the objections of oil companies, Palin worked with the [[Democrats]] on the Alaska state legislature to approve a major increase in taxes on the oil industry.<ref>[http://seattletimes.nwsource.com/html/localnews/2008103325_alaskatax07.html Windfall tax lets Alaska rake in billions from Big Oil]</ref>"Alaska's Clear and Equitable Share" (ACES, Lapooned by the conservative talk radio media as Alaskans Clearly Entering Socialism<ref>Rick Rydell Radio Program, 650KENI.com, 2/8/2011, 8:43 AM Alaska Standard Time</ref>.) The state then gave Alaskans a $1200 check to pay for increased gas prices, using the increased revenues from the tax.<ref>[http://hotair.com/archives/2008/08/11/palin-backed-alaskan-windfall-profits-tax/ Palin backed Alaskan windfalls-profit tax]</ref>

Palin also announced on May 21, 2008 that the state would challenge a recent listing of [[polar bears]] as a threatened species as she and other Alaska elected officials feared such a listing would cripple oil and gas development in prime polar bear habitat off the state's northern and northwestern coasts. Palin's belief is that there is not enough evidence to support a listing, asserting that polar bears are well-managed and their population has dramatically increased over 30 years as a result of conservation.  

Palin also announced on May 21, 2008 that the state would challenge a recent listing of [[polar bears]] as a threatened species as she and other Alaska elected officials feared such a listing would cripple oil and gas development in prime polar bear habitat off the state's northern and northwestern coasts. Palin's belief is that there is not enough evidence to support a listing, asserting that polar bears are well-managed and their population has dramatically increased over 30 years as a result of conservation.