Keystone XL Developer Seeks $15 Billion In Compensation

TC Energy Group, the company that was developing the Keystone XL oil pipeline project, has filed a request for arbitration, seeking $15 billion in compensation for the project that President Joe Biden canceled in his first days in office. Filed with an international arbitration panel, the request has sounded the starting gun on one of the biggest trade appeals against the United States, Bloomberg said in a report on the news, noting that the move was based on the North American Free Trade Agreement, which allows foreign companies to appeal policy…