Alaska may invest up to $5.7 billion to help TransCanada, BP, Exxon Mobil, and ConocoPhillips build a natural gas processing plant, a liquefaction facility and an 800-mile pipeline in the state. The aim of the project, originally estimated to cost $45 billion and now with estimates as high as $65 billion, is to harvest gas from the Prudhoe Bay oil field. The state's investment would give it equity interest in the project. The state Legislature still needs to approve the plan.

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