CALGARY — 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.
TC Energy proposed the Keystone XL project under the Obama administration, which ultimately rejected it on environmental grounds. U.S. President Donald Trump revived the project, but Biden then killed it again by revoking the pipeline's permit on his first day as president in 2021.
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