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BP, Exxon Faced Lawsuit From Alaska Government

A group of Alaska local governments aiming to build a natural gas pipeline filed a federal lawsuit accusing

A group of Alaska local governments aiming to build a natural gas pipeline filed a federal lawsuit accusing two world's oil majors BP and Exxon Mobil Corp. of violating antitrust laws.

The Alaska Gasline Port Authority filed its lawsuit Monday in U.S. District Court in Fairbanks, Alaska, alleging that the oil majors had tried to prevent it from securing a deal for the new pipeline by keeping North Slope natural gas off the market.

The group aims to use its lawsuit to "acquire gas in a free market environment, nothing more, at a fair market value," said Jim Whitaker, mayor of the Fairbanks North Star Borough.