In a speech Monday, Gov. Sarah Palin stressed that Americans can no longer afford to warehouse Alaska’s vast resources during the Interstate Oil and Gas Compact Commission (IOGCC) Annual Meeting in New Orleans, La. The governor assumed chairmanship of the multi-state organization that promotes the conservation and efficient recovery of domestic oil and natural gas resources.
“Alaska will play an increasingly important role in oil and gas production within the United States,” said Palin. “We’ve developed only a fraction of our known reserves, and have many times this known amount awaiting discovery and commercialization.”
The governor further emphasized that building a gas pipeline is critical not just for Alaska’s future, but also as an essential component of our nation’s energy policy.
“The same foreign powers that control the world’s oil supply are beginning to control the supply of natural gas,” she said. “Alaska stands ready and able to supply our fellow Americans with an abundant, cheap clean source of energy for the future.”
Under Palin’s leadership, Alaska has recently enacted legislation that has commenced a competitive process for interested applicants to propose the best plan, route, economic plan and timing to receive the state’s exclusive license to build the line.
In other business, Gov. Palin along with North Dakota Gov. John Hoeven, IOGCC’s former chairman, signed a memorandum of understanding with the U.S. Federal Energy Regulatory Commission. The purpose of the MOU is to improve regulatory cooperation among the states and FERC in order to promote infrastructure development and environmental protection in a cost-effective manner, expedite decision-making, increase efficiencies, enable the exchange of information and expertise, and increase communication between the states and FERC.
The IOGCC, representing the governors of 30 member and seven associate states, promotes the conservation and efficient recovery of the nation’s oil and natural gas resources while protecting health, safety and the environment. Established by the charter member states’ governors in 1935, it is the oldest, largest and most effective interstate compact in the nation. For more information, visit www.iogcc.state.ok.us.