ConocoPhillips wants to build potentially the world's largest, most expensive energy facility — a multibillion dollar gas pipeline running from Alaska's North Slope to Midwestern states.
The project, with a price tag of up to $42 billion, would be worth it, if it can help supply North American homes and businesses with heating fuel for years to come.
ConocoPhillips, Alaska's leading North Slope oil producer, said Friday it's "prepared to make significant investments, without state matching funds, to advance this project."
It's the first proposal in the state-sponsored competition for a pipeline to tap the rich fields where the industry has identified about 36 trillion cubic feet of proved reserves that could be shipped within the next 10 to 12 years.
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