Energy company TC Energy has said it’s seeking $15 billion in damages from the United States government over President Joe Biden’s decision to cancel the Keystone XL pipeline project.
In a statement on July 2, the Canada-based company 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.”
The State Department didn’t respond to a request for comment by press time.
Biden signed an executive order on his first day in office that halted the Keystone Pipeline project, saying the move was part of his administration’s larger agenda to tackle a projected climate crisis.