TC Energy announced last month that they were scrapping the project because revoked the permit needed to complete the pipeline. Fox Business noted that a study from the State Department found that the pipeline would have created 26,100 indirect and direct jobs.
TC Energy announced last week that it had “filed a Notice of Intent 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,” the company said in a statement. “TC Energy will be seeking to recover more than US$15 billion in damages that it has suffered as a result of the U.S. Government’s breach of its NAFTA obligations.”
The Notice of Intent was filed with the U.S. Department of State. In May, nearly two dozen state attorneys general filed a lawsuit against the Biden administration for canceling the pipeline, saying that he exceeded his presidential authority.
The attorneys general argue that Biden exceeded his authority because “of a provision Congress tucked into tax legislation in 2011 that required then-President Barack Obama to either approve the pipeline within 60 days or issue a determination that it wasn’t in the national interest,” NBC News reported. “Obama then rejected TransCanada’s (now TC Energy Corp) application weeks later, saying Congress gave him insufficient time, but allowed the company to re-apply, which deferred the decision until after his re-election. Obama later rejected the application, President Donald Trump approved it, and Biden revoked the approval.” TO READ ENTIRE ARTICLE, CLICK HERE...
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