Marc Nozell via Flickr (CC BY 2.0)
Joe Biden canceled the Keystone XL pipeline and now taxpayers could be on the hook to a Canadian firm for billions.
According to Town Hall:
On Friday, the company behind the project filed a Notice of Intent with the State Department, Office of the Legal Adviser, “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 is seeking over $15 billion due to the U.S. government’s “breach of its NAFTA obligations.”
In pulling the order, Biden said that “leaving the Keystone XL pipeline permit in place would not be consistent with my Administration’s economic and climate imperatives.”
According to Keystone XL, the construction project would have directly created more than 10,000 U.S. “high-quality jobs and local contracting opportunities.” A State Department study referenced by Fox News put the number even higher at 26,100 jobs with the inclusion of indirect jobs.
The administration has also been sued by a coalition of 21 states who argue that Biden could not unilaterally change policy set by Congress because he lacked authority.