Congress Debates Waivers to Fund the Alaskan Pipeline Ca. 1981Unknown - 1981
In 1981, with increasing energy needs and fearing shortages, Congress considered building a second pipeline from Alaska to the continental United States. The plan, with an estimated cost of almost $50 billion, was then the most expensive privately financed construction project in U.S. history. However, the Alaskan Natural Gas Transportation Act proposed that the construction be funded via waivers, essentially passing the cost to consumers, in order to protect the investment of the companies building the pipeline. Supporters felt that the pipeline would help to meet America's energy needs and create jobs. Opponents argued that any financial risk should be incurred by the oil industry, not the consumer, as it would also reap all financial rewards.
Publisher: [Place of publication not identified] : , WPA Film Library, , 
Copyright Date: ©1981
Characteristics: video file,rda 1 online resource (1 video file (2 min., 38 sec.)) : sound, color