TC Energy (TRP) Loses $15 Billion Keystone XL Arbitration Case
TRPTC Energy(TRP) ZACKS·2024-07-22 22:57

TC Energy Corporation (TRP) , an energy infrastructure firm based in Canada, has lost the arbitration case against the U.S. government over the 1,900-kilometre long Keystone XL pipeline. The Keystone XL pipeline project was deemed to transport oil from the oilsands of northern Alberta to a crude storage hub in Okla and further to the refineries in the Gulf Coast.In 2021, the Biden administration revoked a key permit for the project, effectively rejecting it. TC Energy responded to the move by suing the U.S. ...