- Canada's TC Energy said on Tuesday a free trade arbitration tribunal had tossed out its claim to recover more than $15 billion from the U.S. government for the cancellation of its Keystone XL project.
U.S. President Joe Biden had canceled the pipeline's permit a year after the NAFTA was terminated in July 2020. The pact was then replaced by the United States-Mexico-Canada Agreement . Keystone XL would have carried 830,000 barrels per day of oil from Alberta in Canada to the U.S. Midwest, but was held up for more than a decade by environmental opposition and regulatory hurdles, before its permit was revoked.
LA PAZ, Bolivia — Bolivia's embattled president on Monday announced the discovery of vast natural gas reserves, describing it as the biggest find in nearly two decades that could help the cash-strapped country reverse its falling production.MIDLAND, Texas — For all of the focus on an energy transition, the U.S. oil industry is booming, extracting more crude than ever from the shale rock that runs beneath the ground in West Texas.
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TC Energy’s US$15-billion Keystone XL claim thrown out by trade tribunalThe tribunal said the legacy provisions tied to the old NAFTA only permit claims based on breaches that allegedly occurred while NAFTA was in force
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TC Energy's US$15B Keystone XL claim thrown out by trade tribunalCALGARY — A free trade arbitration tribunal has tossed out TC Energy Corp.'s claim that it is owed US$15 billion in damages as a result of U.S. President Joe Biden's cancellation of the Keystone XL pipeline permit.
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