President Joe Biden’s immediate executive order to stop the construction of the Keystone XL pipeline cost Americans thousands of jobs, but the most important thing is that the Canadian company that owns the line is now seeking to recover the lost funds. It may cost us billions of dollars on its back.
according to Fox BusinessTC Energy filed a claim with the State Council for USD 15 billion in damages:
Canadian company that owns the company Trapezoid XL The pipeline company announced that it would file a claim against the US government for damages of 15 billion U.S. dollars. President BidenRevocation of the project’s license.
TC Energy submitted a notice of intent to the Office of the State Council’s Legal Counsel stating that it will file a legacy NAFTA claim under the U.S.-Mexico-Canada agreement.
“TC Energy will seek to recover more than $15 billion in losses suffered by the U.S. government in breach of its NAFTA obligations,” the company said in a press release.
This 1,200-mile-long pipeline can transport 800,000 barrels of oil per day, bringing in a lot of income relatively easily.according to Digital works, The pipeline will provide Canada and its citizens with a net income of US$118 billion.
If TC Energy does win the lawsuit, it will be billions of dollars in taxpayer funds, just a malicious move against former President Donald Trump and Republicans.Even Biden’s own “climate czar” John Kerry Acknowledge that the pipes are cleaner, A more efficient way to transport oil from one place to another, but the Biden administration sees it as doing so for environmental reasons.
This means that thousands of jobs and billions of dollars in costs are the price for one party to hate one person, and the removal of pipelines can even damage the environment.