Skip to main content

Alberta is seeking $1.3-billion in compensation from the U.S. government in the wake of President Joe Biden’s cancellation of the Keystone XL pipeline’s permit.

The provincial government says it has filed a notice of intent to launch a claim under legacy rules tied to the old North American Free Trade Agreement, or NAFTA.

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

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

Calgary-based TC Energy TRP-T, 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.

Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. Sign up today.

Report an error

Tickers mentioned in this story

Your Globe

Build your personal news feed

Follow topics related to this article:

Check Following for new articles

Interact with The Globe