By Dean Bennett

$1.5 Billion Invested

Alberta premier wants direct compensation from U.S. if KXL pipeline dead

Jan 23, 2021 | 4:58 PM

Alberta Premier Jason Kenney is making another demand of Justin Trudeau over the Keystone XL pipeline ahead of the prime minister’s call today with new U.S. President Joe Biden.

In a letter to Trudeau, Kenney reiterates that the prime minister must press for a meeting with Biden so that Canada can make its case for the pipeline, which Biden cancelled this week on his first day in office.

Kenney also repeats that if that fails, Trudeau must take retaliatory measures such as trade sanctions.

But he also asks that Trudeau press Biden for direct compensation.

Kenney says Alberta and pipeline builder TC Energy Corp. invested in the project believing it was going ahead under stable review and governance.

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The premier committed $1.5 billon to the project last year, with another $6 billion in loan guarantees.

(The Canadian Press)