In a July 2 press release, T.C. Energy Corporation announced that it is pursuing legal action against the Biden administration for canceling the Keystone XL Pipeline contract. T.C. Energy wrote that it has “filed a Notice of Intent to initiate a legacy North American Free Trade Agreement (NAFTA) claim under the United States-Mexico-Canada Agreement.”
The corporation intends the lawsuit to “recover economic damages resulting from the revocation of the Keystone XL Project’s President Permit.”
President Biden (who only 36% of Americans believe is actually running the country) canceled the lucrative contract that President Trump signed into place. President Trump touted the Keystone XL Pipeline deal as another way America will be energy independent.
Section 6 of Executive Order: “Protecting Public Health and the Environment and Restoring Science to Tackle the Climate Crisis,” Biden cites climate change and “an extensive review” done by the Obama administration for the reasoning behind revoking President Trump’s March 2019 permit for the Keystone XL Pipeline.
T.C. Energy says that it “will be seeking to recover more than $15 billion” in losses after Biden’s January 20 E.O. The company called the revocation a “breach of [the U.S. Government’s] NAFTA obligations.”
Initially reported by Fox News, The Keystone XL Pipeline was set to transport 800,000 barrels of oil a day from Canada’s tar sands into the U.S. In a June 9th press release, T.C. Energy “confirmed” that the company would be terminating the remainder of active sections within the project.
T.C. Energy wrote, “After a comprehensive review of its options, and in consultation with its partner, the Government of Alberta, it has terminated the Keystone XL Pipeline Project.”
In the release, T.C. Energy’s President and CEO, Francois Poirier, praised the relationships they “built through the development” of the Keystone XL Pipeline. Poirier remarked that the pipeline would have been an “industry-leading plan to operate the pipeline with net-zero emissions throughout its lifecycle.” He promised that T.C. Energy would “continue to identify opportunities to apply this level of ingenuity across [their] business going forward.”
This all comes as ABC reports that “pain at the pump intensifies amid highest gas prices in nearly a decade.” The report states that Southern California gas prices are skyrocketing.
Pain at the pump intensifies amid highest gas prices in nearly a decade in SoCal https://t.co/98eGN2UEf8
— ABC7 Eyewitness News (@ABC7) July 6, 2021
“The average price of a gallon of self-serve regular gasoline in Los Angeles County is $4.33, $4.29 in Orange County, $4.28 in Ventura County, $4.27 in San Bernardino County, and $4.25 in Riverside County,” the report detailed.
With the help of Jeffrey Spring, a corporate communications manager with the Automobile Club of Southern California, the report claims that the price increase is due to more drivers getting on the road to return to work. The information does not mention the disastrous state of oil production in the United States as Biden’s Administration is seemingly canceling oil and gas permits across the nation.