Keystone XL Pipeline Developer Seeks $15 Billion in Damages From US
July 5, 2021 | District of Columbia
Energy company TC Energy has said it is seeking $15 billion in damages from the United States government over President Joe Biden’s decision to cancel the Keystone XL pipeline project. In a statement on Friday, the Canada-based company said it had filed a notice of intent with the State Department to begin a legacy North American Free Trade Agreement (NAFTA) claim under the United States-Mexico-Canada agreement. The company said it aims to “recover economic damages resulting from the revocation of the Keystone XL Project’s Presidential Permit,” adding that it suffered a loss of more than $15 billion “as a result of the U.S. Government’s breach of its NAFTA obligations.”
(Excerpts from Epoch Times)
