Keystone Pipeline Firm Sues Feds for $15 Billion
Back when Biden cancelled the Keystone XL pipeline, we mentioned the possibility that TC Energy, the Canadian energy firm which owned and operated Keystone, might ultimately sue the U.S. government for damages. Well it looks like they're going to do just that:
In a statement on July 2, [TC Energy] said it had filed a notice of intent with the State Department to begin a legacy North American Free Trade Agreement (NAFTA) claim under the U.S.–Mexico–Canada Agreement. The company said it aims to “recover economic damages resulting from the revocation of the Keystone XL Project’s Presidential Permit,” adding that it suffered a loss of more than $15 billion “as a result of the U.S. Government’s breach of its NAFTA obligations.”
Killing the XL has meant the loss of thousands of jobs on both sides of the border; it has meant that oil and natural gas is now being transported by rail, which is both more dangerous and more carbon intensive, and now it might end up costing American taxpayers a few billion dollars. Who, exactly, has benefited from this idiotic move?
Oh, right -- the activists.