President Joe Biden’s immediate executive order to cease construction of the Keystone XL Pipeline cost Americans thousands of jobs, but now on top of that, it may cost us billions more as the Canadian firm that owned the line is now looking to get the money it lost on it back.
According to Fox Business, TC Energy filed a claim with the State Department, demanding recompense to the tune of $15 billion in damages:
The Canadian firm that owned the Keystone XL pipeline announced it will be bringing a claim against the U.S. government seeking $15 billion in damages due to President Biden‘s revocation of a permit for the project.
TC Energy filed a notice of intent with the State Department’s office of the legal adviser indicating that it will bring a legacy NAFTA claim under the U.S.-Mexico-Canada Agreement.
“TC Energy will be seeking to recover more than US$15 billion in damages that it has suffered as a result of the U.S. Government’s breach of its NAFTA obligations,” the company said in a press release.
The 1,200-mile-long pipeline would have carried 800,000 barrels a day, bringing in a good deal of revenue with relative ease. According to Digital Works, the pipeline would have provided a net benefit of $118 billion to Canada and its citizens.
If TC Energy does win the lawsuit, it will be billions of dollars of taxpayer money given up over nothing more than a spiteful move against former President Donald Trump and Republicans. Even Biden’s own “climate czar” John Kerry admitted that pipelines are a cleaner, more efficient way to carry oil from one place to another, yet the Biden administration passed it off as doing it for environmental reasons.
That means thousands of jobs and now billions of dollars are the cost of one party’s hatred of one man, and that the move to cancel the pipeline is even damaging environmentally.