On his first day in office, President Biden signed an executive order revoking the Keystone XL Pipeline’s construction permits and halting the pipeline as utterly incompatible with U.S. commitments and leadership on climate change. Canadian company TC Energy announced in June that it would abandon the Keystone XL pipeline. Less than a month later, it filed a claim for $15 billion in compensation from the United States government for allegedly breaching its rights under the investment chapter of the North American Free Trade Agreement (NAFTA). Read More.
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