Author Topic: Keystone XL’s Collapse Leaves Canada’s Oil Heartland Seeking Payback  (Read 509 times)

0 Members and 1 Guest are viewing this topic.

Online catfish1957

  • Laken Riley.... Say her Name. And to every past and future democrat voter- Her blood is on your hands too!!!
  • Moderator
  • *****
  • Posts: 31,362
  • Gender: Male


https://finance.yahoo.com/news/canada-oil-heartland-considers-seeking-184009402.html

<snipit>
(Bloomberg) -- 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.

To “retroactively remove regulatory approval on the basis of which an investment was made is, in my view, a slam dunk case of a claim for damages through Nafta under the investor protection provisions,” Kenney said on a Facebook live Tuesday. “We believe we have a very strong case for damages, and we’ll be continuing to work with TC Energy on that.”

The pipeline cancellation dealt another blow to an oil-dependent province that was already reeling from two crude-market crashes since 2014. TC Energy Corp.’s Keystone XL would ship more than 800,000 barrels a day of crude from Alberta’s oil sands to U.S. refineries.

The project’s demise prompted TC Energy to let go of about 1,000 union workers on both sides of the border.

Biden’s Keystone XL Cutoff Shocks Town Where Population Doubled

After the U.S. president’s decision on his first day in office, Kenney said that Alberta would consider legal action and urged Canadian Prime Minister Justin Trudeau to impose trade sanctions if the Biden administration didn’t negotiate.

=========================================================================

More under-reported collateral damage incurred by Pedo Joe's wreckless energy and trade policies.   If I was another country, my trust level with the U.S would be near zip right now.  We are that bad.
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Online Hoodat

  • Hero Member
  • *****
  • Posts: 35,821
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.

More power to them.  The US is liable for any and all losses incurred.  Canada has paid all this money to build the pipeline, only to be blocked by a tyrannical dictate of the Executive Branch in violation of our Republican system of government.

Eventually, Canada will reroute the flow to Vancouver and begin selling their oil on the global market for a much better price than they are currently receiving from the US.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-


"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

-Ayn Rand-

Online catfish1957

  • Laken Riley.... Say her Name. And to every past and future democrat voter- Her blood is on your hands too!!!
  • Moderator
  • *****
  • Posts: 31,362
  • Gender: Male


Eventually, Canada will reroute the flow to Vancouver and begin selling their oil on the global market for a much better price than they are currently receiving from the US.

Absolutley, and as I mentioned in an earlier article, the Chicoms on cue have already allocated infrastructure money in a Canadian Refinery to secure and process the oil. Not that Biden had anything to do with facilitating that. /s
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Offline thackney

  • Hero Member
  • *****
  • Posts: 12,267
  • Gender: Male
Eventually, Canada will reroute the flow to Vancouver and begin selling their oil on the global market for a much better price than they are currently receiving from the US.

@Hoodat

The Trans Mountain Pipeline expansion from Alberta to the British Columbia coast has been in construction already.  Trans Mountain has completed 22% of the expansion project, called TMX, which is scheduled for service in December 2022.   The original pipeline started operations in 1953.

https://www.reuters.com/article/us-canada-pipeline-transmountain/canadas-trans-mountain-pipeline-sees-fortunes-shine-after-kxls-demise-idUSKBN29T0BA





https://www.transmountain.com/
Life is fragile, handle with prayer

Offline IsailedawayfromFR

  • Hero Member
  • *****
  • Posts: 18,746
If Alberta can get compensation from the US government, then Texas should be able to do so as well, as it suffers from the same idiotic, unconstitutional rullings.
No punishment, in my opinion, is too great, for the man who can build his greatness upon his country's ruin~  George Washington

Offline Smokin Joe

  • Hero Member
  • *****
  • Posts: 56,402
  • I was a "conspiracy theorist". Now I'm just right.
@Hoodat

The Trans Mountain Pipeline expansion from Alberta to the British Columbia coast has been in construction already.  Trans Mountain has completed 22% of the expansion project, called TMX, which is scheduled for service in December 2022.   The original pipeline started operations in 1953.

https://www.reuters.com/article/us-canada-pipeline-transmountain/canadas-trans-mountain-pipeline-sees-fortunes-shine-after-kxls-demise-idUSKBN29T0BA





https://www.transmountain.com/
TMX is suffering from the same First Nations/Native American resistance the Keystone and DAPL are. Much of that is ginned up somewhere by a profit motive, and someone is picking up that tab.
How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis

Offline Sled Dog

  • The Ultimate Weapon: Freedom - I Won't
  • Hero Member
  • *****
  • Posts: 3,138
Maybe Canada should stop trying to pick favorites in a US election? 

They didn't like Trump.

Now they don't have him.

So perhaps they should enjoy their prize?

As for the legal consequences of the Usurpers questionable termination of the Keystone XL pipeline...

...why hasn't that cancellation been challenged in US federal court?   Canada isn't the only country were people have spent money and signed contracts to build the thing.   How are the contractual rights of the US parties involved so easily dismissed?

Where's the fight HERE?
The GOP is not the party leadership.  The GOP is the party MEMBERSHIP.   The members need to kick the leaders out if they leaders are going the wrong way.  No coddling allowed.

Offline Smokin Joe

  • Hero Member
  • *****
  • Posts: 56,402
  • I was a "conspiracy theorist". Now I'm just right.
Maybe Canada should stop trying to pick favorites in a US election? 

They didn't like Trump.

Now they don't have him.

So perhaps they should enjoy their prize?

As for the legal consequences of the Usurpers questionable termination of the Keystone XL pipeline...

...why hasn't that cancellation been challenged in US federal court?   Canada isn't the only country were people have spent money and signed contracts to build the thing.   How are the contractual rights of the US parties involved so easily dismissed?

Where's the fight HERE?
Much of this wrangle ends up in Federal Court, and comes up before the same judge--in Washington, D.C. Need I indicate the results of that?
How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis