TC Energy Seeks to Recoup Costs From US for Cancelled Keystone XL Pipeline Project-The Canadian Press

WASHINGTON—Pipeline giant TC Energy is formally seeking compensation from the U.S. government for the cancellation of the cross-border Keystone XL expansion project. The Calgary-based company has officially filed a request for arbitration in its bid for “economic damages” resulting from President Joe Biden’s decision to cancel the project. Cancelling the presidential permit issued by predecessor Donald Trump was one of Biden’s first decisions when he took office in January. The decision effectively marked the end of a 13-year, on-again, off-again dispute that bedevilled three American presidents and two Canadian prime ministers. In the process, Keystone XL became an enduring symbol for environmental activists determined to prevent what they considered a dangerous and damaging expansion of Alberta’s oilsands. The company officially abandoned all hope for the expansion in June, and shortly afterward filed notice of its intent to seek compensation under the now-defunct North American Free Trade Agreement. Its replacement, the … WASHINGTON—Pipeline giant TC Energy is formally seeking compensation from the U.S. government for the cancellation of the cross-border Keystone XL expansion project. The Calgary-based company has officially filed a request for arbitration in its bid for “economic damages” resulting from President Joe Biden’s decision to cancel the project. Cancelling the presidential permit issued by predecessor

The Canadian Press

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