Alberta seeks compensation for Keystone pipeline
Alberta is seeking compensation from the U.S. government in the wake of President Joe Biden’s cancellation of the Keystone XL pipeline’s permit.
The provincial government says it has filed a notice of intent to launch a claim under legacy rules tied to the old North American Free Trade Agreement, or NAFTA.
The proposed Keystone XL pipeline had been the subject of a decade-plus battle that pitted the energy industry against environmentalists.
Calgary-based TC Energy, the company behind the proposed pipeline, filed a similar claim in July seeking US$15 billion, after formally cancelling the project and taking a $2.2-billion writedown.
The Alberta government had invested in the project and was left on the hook for $1.3 billion when it was cancelled.