Keystone XL’s Collapse Leaves Canada’s Oil Heartland Seeking Payback
- Alberta spent C$1.5 billion on pipeline project last year
- Nafta provision allowing case remains active during phase-out
This article is for subscribers only.
The oil-rich Canadian province that was hit hard by Joe Biden’s move to kill the Keystone XL pipeline is considering seeking compensation from the U.S. through an old free-trade rule that’s still in place.
Alberta, which spent C$1.5 billion ($1.2 billion) to help jump start construction of the project, may resort to a North American Free Trade Agreement provision allowing compensation claims for lost investments, Alberta Premier Jason Kenney said. While Nafta was replaced by the United States-Mexico-Canada Agreement during the Trump administration, the rule remains in place during a phase-out period.