Trade Tribunal Dismisses TC Energy's Multi-Billion Dollar Keystone XL Claim

Tuesday, 16 July 2024, 15:19

In a significant blow to TC Energy, the trade tribunal has invalidated the company's claim for US$15 billion related to the Keystone XL pipeline. The tribunal's decision rests on the limitations imposed by the legacy provisions of the old NAFTA, which only allow claims for breaches occurring during NAFTA's active period. This ruling underscores the challenges faced by TC Energy in seeking compensation for alleged violations.

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Trade Tribunal Ruling on TC Energy's Claim

The trade tribunal made a landmark decision to dismiss TC Energy's US$15 billion claim involving the Keystone XL pipeline.

Legacy Provisions Limit Claims

The tribunal's ruling was based on the restrictions outlined in the old NAFTA, permitting claims solely for breaches during the NAFTA era.

Implications for TC Energy: The rejection of the claim poses a significant setback for the company's financial outlook.
Legal Interpretation: The case highlights the complexities of seeking compensation under international trade agreements.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.