Montana Attorney General says multi million dollar project is officially dead.
Montana Attorney General Austin Knudsen says the Keystone XL Pipeline scheduled to run through eastern Montana is dead for good. He says the company that was building the oil pipeline from Canada to Kansas has fully relinquished the pipeline and has given up all the permits and pulled up crossings in the ground. He says the company, TC Energy out of Canada did this so they could now sue the U.S. Government over the canceling of the pipeline through the NAFTA Courts. President Joe Biden canceled the pipeline on his first day in office, January 20, 2021.
The move by Biden canceled 3,500 jobs for the eastern part of the state. Knudsen says the project was suppose to bring in an estimated $60,000,000 in revenue to Montana each year and help out cash strapped counties in the eastern part of the state. knudsen had filed suit against the Biden Administration trying to keep the project alive.
Biden's canceling of the pipeline could cost U.S. taxpayers a lot of Money.
President Biden's canceling of the project could cost U.S. taxpayers as much as 15-billion dollars because that's what TC Energy is suing for in the NAFTA Court. They say that's for lost profits. The Canadian company claims that blocking the construction of the pipeline violates its rights under NAFTA’s Investor-State Dispute Settlement (ISDS) provisions.
The pipeline has been the subject of protests since way back when it was approved in 2008. The line would have pumped about 830,000 gallons of oil per day from Hardisty, Canada, through Montana and eventually to Steel City, Kansas.
Attorney General Austin Knudsen says the project is dead unless some other company wants to start from scratch and he calls that, unfortunate.