by The Daily Mail Staff
When Biden pulled the plug, TC Energy said the decision would force it to immediately lay off 1,000 workers.
‘I believe this will send a concerning signal to infrastructure developers that resonates far beyond our project and will stifle innovation for a practical transition towards sustainable energy,’ Keystone XL President Richard Prior said at the time.
The pipeline would have carried roughly 800,000 barrels of oil a day from the tar sands of Canada to Nebraska and then through an existing pipeline to coastal Texas.
The company announced they had filed claim after talks with the oil cartel OPEC were called off, raising fears oil production will not be able to keep up with demand throughout the summer.
American motorists now face paying even more at the pumps following a July 4 weekend which saw a seven-year-high in gas prices across the country.
The average price of a gallon of gas stands at $3.13, up 95 cents, or 44 per cent, from 2020.
‘TC Energy will be seeking to recover more than $15 billion in damages that it has suffered as a result of the U.S. Government’s breach of its NAFTA obligations,’ the firm said in a press release over the weekend.
TC Energy officially pulled the plug on the project in June. Environmentalists have argued the project would worsen the climate crisis.
The news also came after a gas pipeline burst in the Gulf of Mexico and caused a huge fire in the water.
In March, 21 states led by Texas and Montana sued the Biden administration, arguing that the fate of the permit of the pipeline should have been decided by Congress…
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