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Taxpayers Could Be on the Hook for Billions in Damages to Canadian Firm Over Biden's Cancellation of Keystone


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Townhall

Weeks after TC Energy officially terminated the Keystone XL pipeline because President Biden revoked a key permit, the company announced it is seeking billion in damages from the U.S. government.

 

On Friday, the company behind the project filed a Notice of Intent with the State Department, Office of the Legal Adviser, “to initiate a legacy North American Free Trade Agreement (NAFTA) claim under the United States-Mexico-Canada Agreement to recover economic damages resulting from the revocation of the Keystone XL Project’s Presidential Permit.”

TC Energy is seeking over $15 billion due to the U.S. government’s “breach of its NAFTA obligations.”:snip:

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After Keystone Pipeline Cancellation, Oil Begins To Flow Through New Route On Line 3

President Joe Biden introduced his 'Build Back Better' plan in January with pink slips to 11,000 workers connected to the Keystone XL Pipeline.

By Tristan Justice

OCTOBER 11, 2021

DULUTH, Minn. — President Joe Biden introduced his “Build Back Better” plan with pink slips to 11,000 workers connected to the Keystone XL Pipeline in January.

“We can put people to work in good jobs,” Biden pledged on Inauguration Day, hours before the new president revoked Keystone’s permit to bring Canadian tar sands oil down through Nebraska to refineries on the Gulf Coast. Nine months later, another Canadian pipeline successfully crossed the finish line to complete the construction of a new route from the same source similarly attacked by environmental activists.

Early this month, oil began to flow through the newly built Line 3 replacement pipeline from the Alberta tar sands, running a 337-mile stretch through Minnesota to end up at the Superior Terminal in northwest Wisconsin, just across the border from Duluth. The pipe’s operations, expected to carry 760,000 barrels at full capacity by mid-month, could be considered a triumph under an administration hostile to fossil fuel development.  :snip: 

https://thefederalist.com/2021/10/11/after-keystone-pipeline-cancellation-oil-begins-to-flow-through-new-route-on-line-3/

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