NEWS: Alberta government seeking compensation from U.S. over cancelled Keystone XL pipeline

The Keystone XL pipeline project saw a decade of ardent opposition in the U.S. Photo by The Canadian Press

The proposed Keystone XL pipeline had been the subject of a decade-plus battle that pitted the energy industry against environmentalists.

Biden revoked the permit for Keystone XL shortly after his inauguration last year.

Calgary-based TC Energy, the company behind the proposed pipeline, filed a similar claim in July seeking US$15 billion, after formally cancelling the project and taking a $2.2-billion writedown.

The Alberta government had invested in the project and was left on the hook for $1.3 billion when it was cancelled.

This report by The Canadian Press was first published Feb. 9, 2022.

The Canadian Press

News from © The Canadian Press, 2022. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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