Alaska Governor Sarah Palin, former Vice Presidential running mate of Sen.John McCain in the presidential elections in 2008, said Friday she is resigning on July 26 as governor and will not run for re-election.
Gov. Palin made the announcement at a press conference in Wasilla, Alaska, her hometown and did not detail her plans for the future, or take questions from the press.
Palin will transfer authority to Lieutenant Governor Sean Parnell.
"We are not retreating. We are advancing in another direction," Palin said during remarks.
Below is the full text of Palin resignation, released by her office today.
"Palin Announces No Second Term"
Hi Alaska, I appreciate speaking directly TO you, the people I serve, as your Governor.
People who know me know that besides faith and family, nothing's more important to me than our beloved Alaska. Serving her people is the greatest honor I could imagine.
I want Alaskans to grasp what can be in store for our state. We were purchased as a territory because a member of President Abe Lincoln's cabinet, William Seward, providentially saw in this great land, vast riches, beauty, strategic placement on the globe, and opportunity. He boldly looked "North to the Future". But he endured such ridicule and mocking for his vision for Alaska, remember the adversaries scoffed, calling this "Seward's Folly". Seward withstood such disdain as he chose the uncomfortable, unconventional, but RIGHT path to secure Alaska, so Alaska could help secure the United States.
Alaska's mission - to contribute to America. We're strategic IN the world as the air crossroads OF the world, as a gatekeeper of the continent. Bold visionaries knew this - Alaska would be part of America's great destiny.
Our destiny to be reached by responsibly developing our natural resources. This land, blessed with clean air, water, wildlife, minerals, AND oil and gas. It's energy! God gave us energy.
So to serve the state is a humbling responsibility, because I know in my soul that Alaska is of such import, for America's security, in our very volatile world. And you know me by now, I promised even four years ago to show MY independence... no more conventional "politics as usual".
And we are doing well! My administration's accomplishments speak for themselves. We work tirelessly for Alaskans.
We aggressively and responsibly develop our resources because they were created to be used to better our world... to HELP people... and we protect the environment and Alaskans (the resource owners) foremost with our policies.
Here's some of the things we've done:
We created a petroleum integrity office to oversee safe development. We held the line FOR Alaskans on Point Thomson - and finally for the first time in decades - they're drilling for oil and gas.
We have AGIA, the gasline project - a massive bi-partisan victory (the vote was 58 to 1!) - also succeeding as intended - protecting Alaskans as our clean natural gas will flow to energize us, and America, through a competitive, pro-private sector project. This is the largest private sector energy project, ever. THIS is energy independence.
And ACES - another bipartisan effort - is working as intended and industry is publicly acknowledging its success. Our new oil and gas "clear and equitable formula" is so Alaskans will no longer be taken advantage of. ACES incentivizes NEW exploration and development and JOBS that were previously not going to happen with a monopolized North Slope oil basin.
We cleaned up previously accepted unethical actions; we ushered in bi-partisan Ethics Reform.
We also slowed the rate of government growth, we worked with the Legislature to save billions of dollars for the future, and I made no lobbyist friends with my hundreds of millions of dollars in budget vetoes... but living beyond our means today is irresponsible for tomorrow.

The New York City will give 500 tickets for the ceremony on Thursday from 2:00 p.m. to 4:00 p.m. EST.


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