Word: alcan
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...until 1974, when the Justice Department forced El Paso to divest itself of Northwest, and McMillian managed to gain control. Two years later, McMillian entered the pipeline race, and he learned fast. To enlist across-the-border support, he joined forces with two Canadian companies and christened his project Alcan. McMillian proved unabashedly opportunistic. When he heard, for example, that influential congressional staffers favored a route south from Prudhoe to Fairbanks, he seized on it. His approach inspired a Washington quip: "McMillian would ship the gas south in cellophane bags if we asked...
...construction of a spur to Mackenzie Bay. California did not want the liquefied natural gas tankers from the El Paso project off-loading in its ports. Besides, according to Government projections, the El Paso gas would be costlier to the consumer. Even so, Energy Secretary James Schlesinger estimates that Alcan gas will cost the U.S. consumer about $2.50 per thousand cu. ft., about twice the price of present domestic...
...Congress and the Canadian Parliament; both are expected to approve. The project will be privately financed; McMillian and his Canadian partners will own and operate the line under government supervision. Canadian environmentalists, who vigorously opposed the Arctic consortium's pipeline, are far less exercised about Alcan since it largely avoids uncontaminated areas. If all goes according to plan, the Alcan pipeline should be pumping 2.4 billion cu. ft. of gas a day to the U.S. by mid-1983. That is by no means enough to solve the U.S. shortage, but it would alleviate the crisis...
...existing pipelines. Alaska state officials vigorously support the El Paso system, which would bring jobs and investment for liquefaction plants to the area. One key drawback to the plan is that the West Coast already has an ample supply of gas. Another is the possibility of tanker mishaps. The Alcan application, which proposes laying a pipeline alongside the Alcan highway, was dismissed by Litt as inefficient. He indicated that the line might not be big enough to handle the volume if, as expected, new discoveries are made in the rich Alaska fields...
...military bends over backwards to attract foreign investment with tax exemptions and guarantees. For example, Alcan (Canadian subsidiary of Alcoa) got favorable terms for mining Amazonian bauxite deposits, being allowed to raise more than 80 per cent of its working capital in Brazil without taking a Brazilian partner...