Keystone Pipeline developers want $15 billion from U.S. for cancellation

 

The developers of the cancelled Keystone XL pipeline, the one that would have carried Canadian crude oil to Cushing, Oklahoma and southward to Gulf Coast refineries want the Biden administration to cough up $15 billion in damages over the President’s executive order.

Calgary-based TC Energy Corp. filed a request Monday for arbitration in one of the largest trade appeals ever against the U.S.

Bloomberg reported the legal claim is being mounted under provisions of the North American Free Trade Agreement that allow foreign companies to challenge U.S. policy decisions.

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