Canada's TC Energy said it is seeking $15 billion in damages from the United States government over the decision by President Joe Biden early in his administration to cancel the Keystone XL pipeline project.
In a statement on Friday, the company said it had filed a notice of intent with the State Department to begin a legacy North American Free Trade Agreement (NAFTA) claim under the U.S.-Mexico-Canada agreement.
The company said it aims to "recover economic damages resulting from the revocation of the Keystone XL Project's Presidential Permit," adding that it suffered a loss of more than $15 billion "as a result of the U.S. Government's breach of its NAFTA obligations."