$15B Claim for Keystone XL Rejected

TC Energy's bid for a $15 billion payout over the canceled Keystone XL pipeline project has hit a wall. A trade tribunal has dismissed the company's claim, marking a significant setback for the Canadian energy giant. The decision came after a lengthy legal battle that began when President Joe Biden revoked the project's permit on his first day in office—as promised—halting construction and sparking TC Energy's compensation demand under the North American Free Trade Agreement (NAFTA). The tribunal, operating under the US-Mexico-Canada…