TC Energy’s US$15B Keystone XL claim thrown out by trade tribunal
- TC Energy's US$15 billion claim for damages due to President Biden's cancellation of the Keystone XL pipeline permit was rejected by a free trade arbitration tribunal.
- The International Centre for Settlement of Investment Disputes tribunal ruled in favor of the U.S., stating that under the old NAFTA rules, TC Energy's claim was not permissible.
- Biden's revocation of the permit post-NAFTA terminated period prevented TC Energy's claim under the legacy provisions of the old trade agreement.
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TC Energy’s US$15B Keystone XL claim thrown out by trade tribunal
TC Energy Corp.'s ill-fated Keystone XL pipeline has suffered a major blow after a trade tribunal decision that tossed out its claim to US$15 billion in damages.
·Toronto, Canada
Read Full ArticleTC Energy's US$15B Keystone XL claim thrown out by trade tribunal
CALGARY — TC Energy Corp.’s ill-fated Keystone XL pipeline has suffered a major blow after a trade tribunal decision that tossed out its claim to US$15 billion in damages. The Calgary-based company launched the claim in 2021 to seek compensation after its proposed Keystone XL pipeline project was scuttled by U.S. President Joe Biden. The […]
·Toronto, Canada
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TC Energy's $15-billion Keystone XL lawsuit gets thrown out
Calgary-based TC Energy recently lost its US$15-billion arbitration case against the U.S. government over the Keystone XL pipeline, much to the relief of environmentalists.
·Canada
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Leaning Left11Leaning Right3Center3Last UpdatedBias Distribution65% Left
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- 65% of the sources lean Left
65% Left
L 65%
C 18%
R 18%
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