Canadian Press 16\/07\/2024 15:40 TC Energy Corp., the Canadian company behind the ill-fated Keystone XL pipeline, has suffered a major blow after a trade tribunal tossed out its claim to US$15 billion in damages. The Calgary-based company launched the claim in 2021 to seek compensation after its proposed Keystone XL pipeline project was scuttled by U.S. President Joe Biden. The claim was made under the legacy rules tied to the old North American Free Trade Agreement, or NAFTA, because of what TC Energy said was the U.S. government\u2019s breach of its free trade obligations. Keystone XL was a proposed crude oil transportation pipeline, roughly 1,900-kilometres long, which would have carried oil from the oilsands of northern Alberta to the major U.S. crude storage hub at Cushing, Okla. and then on… <\/p>\n
Canadian Press 16\/07\/2024 15:40 TC Energy Corp., the Canadian company behind the ill-fated Keystone XL pipeline, has suffered a major blow after a trade tribunal tossed out its claim to US$15 billion in damages. The Calgary-based company launched the claim in 2021 to seek compensation after its proposed Keystone XL pipeline project was scuttled by U.S. President Joe Biden. The claim was made under the legacy rules tied to the old North American Free Trade Agreement, or NAFTA, because of what TC Energy said was the U.S. government\u2019s breach of its free trade obligations. Keystone XL was a proposed crude oil transportation pipeline, roughly 1,900-kilometres long, which would have carried oil from the oilsands of northern Alberta to the major U.S. crude storage hub at Cushing, Okla. and then on... <\/p>\n