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Owner of closed Keystone XL pipeline seeks $15 billion in damages against Biden administration

Just the News by Just the News
July 5, 2021
in Economy
Reading Time: 1 min read
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Owner of closed Keystone XL pipeline seeks $15 billion in damages against Biden administration

The Canadian owner of the shuttered Keystone XL pipeline has put the State Department on notice it plans to seek $15 billion-plus in damages from the United States over President Biden’s executive order in January shutting its operations.

Energy company TC Energy Corp. said it filed a notice of intent Friday to seek damages under the United States-Mexico-Canada agreement under a legacy clause involving the prior NAFTA trade pact.

“TC Energy will be seeking to recover more than $15 billion in damages that it has suffered as a result of the U.S. Government’s breach of its NAFTA obligations,” the company said.

Citing climate change, Biden signed an executive order halting the project that former President Donald Trump had approved. TC Energy last month officially ended the project, which had created thousands of jobs and  promised to carry carry hundreds of thousands of barrels of oil per day from Canada into the United States.

A few months after Biden shuttered the North American pipeline, he approved lifting sanctions for a Russian pipeline project in Europe known as Nord Stream 2 that Trump had blocked.

This article was originally published by Just the News. Read the original article.

Just the News

JusttheNews.com is committed to just reporting facts from journalists with a long record of public trust and excellence. In an era where opinion and supposition are too often substituted for fact and where journalists rush to get things first and hope their stories are correct, JusttheNews.com tries to stand out by returning to the bedrock promise of getting news first, but first getting it right. We try to deliver exclusive news you can trust.

justthenews.com/
Tags: climate changeEnergyKeystone XLPolitics&Policy

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