geopolitics-00926
Keystone Pipeline

The company behind Keystone XL Pipeline is seeking $15 billion in damages from the US government after Joe Biden revoked its permit in January.

TC Energy announced it filed a Notice of Intent to initiate a NAFTA claim to recover “economic damages” caused by Biden’s move to cancel permits previously approved by Trump.

“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 company said in a press release.

Joe Biden’s first order of business was to kill tens of thousands of jobs.

On his first day in office, Biden signed an executive order canceling construction of the Keystone XL Pipeline which would have carried oil from Canada to the United States.

21 states, with Texas and Montana leading the charge, sued Joe Biden earlier this year over his decision to revoke the Keystone Pipeline XL permit.

A coalition of 21 states with Republican attorneys general filed a lawsuit against Biden and argued that revoking the cross-border permit is a “regulation of interstate and international commerce” and that only Congress can make the decision.