TC Energy files $15 billion NAFTA claim for canceled Keystone XL pipeline
CALGARY - TC Energy Corporation has filed a Notice of Intent 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 will be seeking to recover more than US$15 billion in damages that it has suffered as a result of the U.S. Government’s breach of its NAFTA obligations.
The Notice of Intent was filed with the U.S. Department of State, Office of the Legal Adviser.
Related story: TC Energy officially terminates Keystone XL pipeline after Biden revokes permit