TC Energy to Initiate NAFTA Claim Over Keystone XL Project
July 02 2021 - 6:35PM
Dow Jones News
By Stephen Nakrosis
TC Energy Corp. on Friday said it has filed a Notice of Intent
to initiate a legacy North American Free Trade Agreement claim to
recover economic damages following the revocation of the Keystone
XL Project's Presidential Permit.
TC Energy said it will look to recover over $15 billion in
damages that it "suffered as a result of the U.S. Government's
breach of its NAFTA obligations."
On his first day in office, U.S. President Joe Biden took
executive action to revoke the permit for the Keystone XL oil
pipeline.
Last month, TC Energy and the Albertan provincial government
said they were abandoning plans for the project, which would have
transported oil from Canada to the U.S.
-Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
July 02, 2021 18:20 ET (22:20 GMT)
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