The Keystone Pipeline Project is currently blocked. The company behind it wants the Biden Administration pay $15 billion to cancel the permit.
TC Energy Corporation asserts that the U.S. government broke free trade obligations by removing the company’s permit to build the pipeline.
When the permit was revoked, the Keystone pipeline was being built to transport oil from Canada to the U.S. Environmentalists have been targeting the project for years, claiming that the pipeline will harm the environment and encourage more fossil fuels.
Legally, TC Energy asserts that it is entitled to recover its losses under the NAFTA agreement