Keystone XL pipeline developer seeks $ 15 billion in damages from the U.S.

Energy company TC Energy has said it is seeking $ 15 billion in damages from the US government over President Joe Biden’s decision to cancel the Keystone XL pipeline project.

so Friday statementThe Canada-based company has submitted a notice to the State Department that it intends to initiate claims for the Legacy North American Free Trade Agreement (NAFTA) under the United States-Mexico-Canada Agreement.

The company said it was aiming to “recover the economic damage caused by the revocation of the Keystone XL Project’s presidential permit,” adding that it had lost more than $ 15 billion “as a result of the U.S. government’s breach of NAFTA obligations.” ..

The Epoch Times is seeking comment from the State Department.

Signed by President Joe Biden Executive order on the first day of inauguration He said canceling the Keystone Pipeline project approved by President Donald Trump and tackling the projected climate crisis is part of his administration’s larger agenda.

Then, TC Energy on June 9th Official withdrawal from the projectFirst proposed in 2008, it was planned to carry hundreds of thousands of barrels of oil per day from Canada to the United States.

Biden’s decision was welcomed by his supporters and many environmentalists, but most Republicans and trade associations criticized his executive order as blocking the pipeline. Critics said tens of thousands of jobs were essentially lost overnight due to the cancellation of the pipeline. After Biden revoked the pipeline permit, the energy company said it would “directly lead to the dismissal of thousands of union workers.”

Biden argues that the Keystone project “does not serve the national interests of the United States,” while the January 20 order “promotes and protects our public health and the environment, national treasures and monuments, I. The purpose is to protect the place that protects us. The memory of the people. “

The pipeline was expected to carry 830,000 barrels of oil per day from Alberta’s oil sands to Nebraska. With opposition from many environmentalists, Native Americans, and some landowners, it was more than a decade behind.

Bloomberg report In February, Biden’s decision to ban pipelines raised new interest in transporting Canadian oil sands crude to US refineries. Carbon intensive railAs supply from Mexico and Venezuela show Canada exports an average of 129,727 barrels of oil per day by rail in April as the industry continues to discuss alternatives to address the end of the Keystone XL project.

“We are disappointed and dissatisfied with the situation surrounding the Keystone XL project, including the revocation of the president’s permission to cross the border of the pipeline,” Alberta’s Prime Minister Jason Kenny said in a statement on June 9. ..

The state has reportedly invested about $ 1.1 billion in the pipeline, which means that the project will have to suffer losses.

In May, 19 Republican-led states, led by Montana Prosecutor-General Austin Knudsen, called on the president (pdf) Restore the pipeline.

Jack Phillips contributed to this report.

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