Keystone XL Pipeline Company filed a Notice of Intent for $15 Billion in Damages from Biden Administration Over Project’s Cancellation

The Keystone XL Pipeline Company is seeking $15 billion from the Biden administration after canceling the construction of the pipeline upon entering office.

“Keystone pipeline company seeks $15 billion from Biden administration over project cancellation.”

Keystone pipeline company seeks $15 billion from Biden administration over project cancellation.https://t.co/v8FImaVqWS

— The Post Millennial (@TPostMillennial) July 6, 2021

TC Energy Corporation, the company that developed the Keystone XL pipeline announced its intent to filed a legacy NAFTA claim under the United States-Mexico-Canada Agreement, in which they are bidding to recover some of the money in which has been lost for the cancellation of the project. This comes as in January, the Biden administration pulled the permit for the Keystone XL pipeline.

The purpose of this project was to create a pipeline to transport 830,000 barrels of crude a day from Canada’s tar sands to the United States. which has faced opposition from leftist environmentalists. Thousands of jobs in making this pipeline from Canada to Nebraska were lost.

Now the Company is seeking to get $15 billion from the Biden administration. The controversial pipeline gained approval once Trump entered office in 2017, but was quickly shut down following his departure from the White House.

As the pipeline was shut down, it is estimated 60,000 people have lost their jobs, and gas prices have seen a sharp increase since. Many on the right criticized Biden for destroying thousands of jobs in one of his first actions in the White House.

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