Keystone XL Owner Seeks $15 Billion In Damages From Washington ...Middle East

TC Energy, the Canadian pipeline operator that was building the Keystone XL project, has filed a notice of intent to initiate a claim against the Biden administration for the suspension of the project, seeking $15 billion in damages. According to the notice, the U.S. administration violated the North American Free Trade Agreement with its decision to kill the $9-billin project that would have carried 830,000 bpd of Canadian crude to the United States. The company had to official drop Keystone XL after President Biden revoked a crucial permit. Proponents…

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