The Canadian-based company that developed the Keystone XL Pipeline is fighting back in court after Biden ordered to end the economy-boosting project. The company wants $15 billion in damages from the US.
TC Energy on Friday filed a notice of intent with the State Department, claiming they suffered the massive loss “as a result of the U.S. Government’s breach of its NAFTA obligations.”President Joe Biden cancelled the pipeline’s border crossing permit in January due to environmental concerns — and last month TC Energy pulled the plug on the project after Canadian officials failed to convince the president to reverse his decision.The partially-constructed pipeline would have transported crude from western Canada to Nebraska.The project was announced in 2008 and stalled during the Obama administration.But it was revived by former President Donald Trump last year.
The firm filed its Notice of Intent with the US State Department, initiating a legacy claim under the North American Free Trade Agreement.
To recover economic damages from the project’s cancellation, TC Energy (TRP) on Friday filed a Notice of Intent with the US State Department to initiate a legacy NAFTA claim under the United States-Mexico-Canada Agreement, the company said in a statement.When the permit cancellation was announced, TC Energy warned that it would “directly lead to the layoff of thousands of union workers.”
The Oval Office occupant will also have some explaining to do about the number of jobs lost as a result of his actions. The TC Energy lawsuit follows news that the GOP has demanded its version of an economic impact statement.
That announcement came just hours after Republican senators demanded the Biden administration account for the number of jobs killed by the president’s decision to cancel the 1,200 mile-long pipeline.The pipeline, which would have carried 800,000 barrels of oil a day from the tar sands of Canada into the U.S. The pipeline’s construction was first delayed in 2015 under Barack Obama before being revived under Donald Trump in 2017.
In related news, I suspect many Americans have started to connect the dots between Biden’s pen and their current economic pain as it relates to rising gas prices.
… “For people who understand it as a supply and demand issue, they don’t see the president as responsible for the rise,” said Laurel Harbridge-Yong of Northwestern University, the primary author of the 2016 study on gas prices and presidential approval. “It’s not like the president can put his finger on the button and make gas prices go up or down.”For the prices to be a liability for Biden, Republicans must do a better job connecting them to his policies, said David Winston, a Republican pollster and strategist who specializes in public opinion on pocketbook issues.“It’s more than just what is the raw cost of gasoline? Has he done things policy-wise that has made the cost go up, not because of the ebb and flow of gas prices?” he said. “If people decide that’s the connection they’re going to make, that’s the problem.”But if gasoline prices remain high into the fall, voters could start to hold Biden responsible.
I disagree entirely with Harbridge-Yong. Biden did put his finger on the button and pressed it well and hard.
CLICK HERE FOR FULL VERSION OF THIS STORY