On his first day in office President Biden officially revoked the permit for the Keystone XL, effectively killing thousands of American jobs. The move enraged works and lawmakers alike but most of all it enraged TC Energy, the company responsible for the construction of the pipeline. Now, TC Energy is seeking $15 billion in damages from the U.S. government over Biden’s decision to revoke the Keystone permit.
According to Townhall:
On Friday, the company behind the project filed a Notice of Intent with the State Department, Office of the Legal Adviser, “to initiate a legacy North American Free Trade Agreement (NAFTA) claim under the United States-Mexico-Canada Agreement to recover economic damages resulting from the revocation of the Keystone XL Project’s Presidential Permit.”
TC Energy is seeking over $15 billion due to the U.S. government’s “breach of its NAFTA obligations.”
In pulling the order, Biden said that “leaving the Keystone XL pipeline permit in place would not be consistent with my Administration’s economic and climate imperatives.”
According to Keystone XL, the construction project would have directly created more than 10,000 U.S. “high-quality jobs and local contracting opportunities.” A State Department study referenced by Fox News put the number even higher at 26,100 jobs with the inclusion of indirect jobs.
Biden is also facing lawsuits from a coalition of states that claim they were directly impacted by the pipeline’s cancellation.