TC Energy, Indigenous Partners Fall Out After End of Keystone XL
- Natural Law seeks C$50 million for lost income, opportunity
- Group planned to buy stake in pipeline before Biden spiked it
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An Indigenous-backed energy company is seeking C$50 million ($38.2 million) from pipeline operator TC Energy Corp. after a falling out between partners on the now-abandoned Keystone XL project.
Natural Law Energy Inc., a group representing a number of Indigenous communities in Western Canada, is asking for “financial compensation for all the losses of income and the lost opportunities for future income” associated with an investment agreement signed in November 2020, according to a letter signed by Natural Law Chief Executive Officer Travis Meguinis and seen by Bloomberg News.