Ballot Measure 3: Initiative on Gas Pipeline Development Authority
This bill would create the Alaska Natural Gas Development Authority (Authority) as a public corporation of the State. The Authority would acquire and condition North Slope natural gas, and construct a pipeline to transport the gas. The Authority's powers would include buying property or taking it by eminent domain, and to issue state tax-exempt revenue bonds. The gasline route would be from Prudhoe Bay to tidewater on Prince William Sound and the spur line from Glennallen to the Southcentral gas distribution grid. The Authority would operate and maintain the gas pipeline, ship the gas, and market the gas.
Should this initiative become law?
If you think oil companies are looking out for the interests of Alaska, ahead of their shareholders, then vote "no" on Ballot Measure 3. However, if you think we should look out for our own best interests, then vote "yes."
If you believe "My Way is the Highway," then vote "no." Vote "yes" on Ballot Measure 3 if you think it's "Highway Robbery" because the Canadian Highway route robs our gas, hydrocarbons, jobs, and revenues, benefiting Big Oil and Canada.
If you think a $12.4 billion liquefied natural gas project to Valdez is not financially viable using our own Alaska Railroad bonds or selling revenue bonds (similar to how our oil pipeline was financed), then you should definitely vote "no." But, if you believe a $60 billion Canadian Highway project is not economical or profitable (Lord John Browne of BP thinks it is not, Petroleum News, July 7, 2002) without massive federal tax subsidies, price supports, and loan guarantees paid for on the backs of American taxpayers, then vote "yes."
If you think Ballot Measure 3 is just another study, then vote "no." Vote "yes" if you have done your work and understand that Ballot Measure 3 first creates an "economic model" presented to the markets, tendering our gas for sale, before any bonds are sold or financing is acquired. Ballot Measure 3 will finally offer our stranded gas to market, which the oil companies with their divergent interests in commercializing our gas, have never done before.
If you think Ballot Measure 3 will create a huge new state bureaucracy, then vote "no." Vote "yes" if you understand Ballot Measure 3 is modeled almost exactly after the underlying governing language of the Alaska Permanent Fund Corporation.
If you believe Larry Persily of the Alaska Department of Revenue that Ballot Measure 3 will tap the permanent fund for $3.6 billion because private industry won't invest in this project, vote "no." Vote "yes" if you understand that there is no ANWR or Canadian Highway gas project today and you realize just how many private investors will be lining up to invest their $3.6 billion, not ours, since we will be the only game left in town if Ballot Measure 3 passes.
If you believe Mr. Persily when he says Ballot Measure 3 will first need a $250 million "feasibility study," then vote "no." However, if you noticed in your voter guide that the word "study" is intentionally not included in the initiative language, then vote "yes."
If you think Proposition 3 is a detriment to that "real serious project" through Canada, then vote "no." Vote "yes" if you know that just some of the real detriments to the Canadian Highway project are the oil industry proposed federal tax subsidies and guaranteed loans. Or the Canadian government's opposition. Or even Friends of the Earth opposition. Or other U.S. gas-producing states' opposition. It should be renamed the Al-Can of Worms project.
If you think Alaskans are not smart enough to build the 800-mile North Slope to Valdez project, then vote "no." Vote "yes" if you believe the 3,600-mile North Slope to Chicago project will never be built in your lifetime.
If you're swayed by the recent Anchorage Daily News editorial in opposition to Ballot Measure 3, then vote "no." Vote "yes" if you do not believe even one editor at the Daily News is capable of writing anything objective about the commercialization, economics or marketing of Alaska's gas.
And finally, if you believe in the goals of any last-minute campaign by the Alaska Support Industry Alliance (the group big oil is using) to defeat Ballot Measure 3, then vote "no." Vote "yes" if you believe my sincere private-citizen efforts to put this ballot measure in front of Alaskans for Alaska's future is valid and has no hidden agenda except to create Alaska jobs; Alaska revenues; Alaska in-state gas to energize our urban, coastal and river communities; and a new Alaskan petrochemical industry exporting "value-added" Alaska products, sustaining Alaskan families for generations to come.
Thank you for your vote.
Scott Heyworth, who lives in Anchorage, is the chief sponsor of Ballot Measure 3. He will be the featured speaker at today's Soldotna Chamber of Commerce luncheon meeting. The meeting begins at noon at the Riverside House. The public is invited.
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