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3 Arbitrators dismissed TC Energy's $15bn claim over Keystone XL Pipeline in July 2024 due to CUMSA removing ISDS provisions.
3 Arbitrators dismissed TC Energy's US$15bn claim against US govt over Keystone XL Pipeline in July 2024 due to a technicality.
The decision was possible due to the removal of investor-state dispute settlement (ISDS) provisions in the Canada-US-Mexico Agreement (CUMSA).
349 ISDS cases related to fossil fuel investments have led to US$82.8bn in compensation, raising concerns over the conflict between investment treaty protections and climate goals.
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3 Árbitros desestimaron la reclamación de TC Energy de $15 mil millones sobre Keystone XL Pipeline en julio de 2024 debido a que CUMSA eliminó las provisiones ISDS.