“NAFTA’s legacy of granting multinational corporations special rights to sue governments taking action to protect the environment lives on.”

By Andrea Germanos.  Published 11-24-2021 by Common Dreams.

Climate activists hold signs against the Keystone XL project at a September 20, 2013 protest. (Photo: Joe Brusky/CC BY-NC 2.0)

The Canadian company behind the canceled Keystone XL pipeline filed a formal request for arbitration this week under the North American Free Trade Agreement to seek over $15 billion in economic damages over the Biden administration’s revocation of the cross-border oil project’s permit.

In its Monday filing, TC Energy criticizes the permit’s cancellation as “unfair and inequitable” and argues the U.S. government should pay damages for the “regulatory roller coaster” the company endured while seeking to build the pipeline. Continue reading →