Canadian XL Pipeline developer filing $15B claim under USMCA

Keystone XL Pipeline Developer Seeks $15 Billion in Damages From US

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.

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Thanks, Joe!