US Taxpayers Face $15Bn in Damages from Canadian Firm Because Biden Canceled Pipeline
Far-left energy agenda will hit taxpayers hard
American taxpayers are facing footing the bill for a massive $15 billion in damages to a Canadian company behind the Keystone XL Pipeline.
The reason is that Joe Biden canceled the pipeline to pursue his far-left energy agenda.
Last month, TC Energy announced it was scrapping the project because Biden revoked their permit.
And to add insult to injury, the pipeline would have created 26,100 indirect and direct jobs, according to a study from the State Department.
Last week, TC Energy announced it had “filed a Notice of Intent to initiate a legacy North American Free Trade Agreement (NAFTA) claim under the United States-Mexico-Canada Agreement to recover economic damages resulting from the revocation of the Keystone XL Project’s Presidential Permit.
"TC Energy will be seeking to recover more than US$15 billion in damages that it has suffered as a result of the U.S. Government’s breach of its NAFTA obligations.”
The Notice of Intent was filed with the U.S. Department of State.
Earlier this year, multiple state attorneys general filed a lawsuit against Biden for canceling the pipeline.
Biden signed the order to cancel the pipeline's construction almost immediately after being sworn into office in January.
The move killed off tens of thousands of American jobs and was met with severe pushback, even from Democrats who are not far-left on energy policy.
The attorneys general argue that Biden exceeded his authority because “of a provision Congress tucked into tax legislation in 2011 that required then-President Barack Obama to either approve the pipeline within 60 days or issue a determination that it wasn’t in the national interest,” NBC News reported.
“Obama then rejected TransCanada’s (now TC Energy Corp) application weeks later, saying Congress gave him insufficient time but allowed the company to re-apply, which deferred the decision until after his re-election."
Obama later rejected the application, President Donald Trump approved it, and Biden revoked the approval.”
The lawsuit states in part:
Revocation of the Keystone XL pipeline permit is a regulation of interstate and international commerce, which can only be accomplished as any other statute can: through the process of bicameralism and presentment. The President lacks the power to enact his “ambitious plan” to reshape the economy in defiance of Congress’s unwillingness to do so. To the extent that Congress had delegated such authority, it would violate the non-delegation doctrine. But Congress has not delegated such authority: It set specific rules regarding what actions the President can take about Keystone XL and when. The President, together with various senior executive officials, violated those rules. The action should be set aside as inconsistent with the Constitution and the Administrative Procedure Act, 5 U.S.C. §§ 500, et seq.
In February, Senate Energy and Natural Resources Committee Chairman Joe Manchin warned Joe Biden to reverse his recent executive order canceling the Keystone XL Pipeline due to massive job losses.