TC Energy Faces Setback In Pursuit Of NAFTA Damages: Details
TC Energy Faces Setback In Pursuit Of NAFTA Damages: Details
Thus, the Tribunal concluded it lacked jurisdiction to determine if revoking the Presidential Permit violated NAFTA's obligations outlined in Section A of Chapter 11.TC Energy Corporation (NYSE:TRP) shares are trading slightly lower premarket today. The company expressed disappointment after the Tribunal overseeing its claim for over $15 billion in damages has determined in a jurisdictional ruling that the claim cannot proceed.
TC Energy Corporation (紐交所股票代碼: TRP)的股票今天盤前略有下跌。該公司對仲裁庭裁決其索賠超過150億美元無法繼續進行表示失望。
The claims resulted from the January 20, 2021 revocation of the Presidential Permit for the Keystone XL Project.
這些索賠是因爲2021年1月20日吊銷科恩斯頓XL項目的總統許可證。
The Tribunal's decision, based on Annex 14-C of the USMCA replacing NAFTA on July 1, 2020, found that while investments under NAFTA were protected until July 1, 2023, this protection applies only to breaches occurring before July 1, 2020.
仲裁庭根據於2020年7月1日取代北美自由貿易協定 (NAFTA) 的美國-墨西哥-加拿大協議附錄14-C，裁定雖然 NAFTA 協議下的投資受到保護直至2023年7月1日，但此保護只適用於2020年7月1日之前發生的違約行爲。 因此，仲裁庭得出結論，它沒有權利確定吊銷總統許可證是否違反 NAFTA 在第11章A節中概述的義務。
Thus, the Tribunal concluded it lacked jurisdiction to determine if revoking the Presidential Permit violated NAFTA's obligations outlined in Section A of Chapter 11.
因此，仲裁庭認爲它無權確定吊銷總統許可證是否違反了第11章A節規定的 NAFTA 的義務。
Patrick Keys, Executive Vice-President and General Counsel, TC Energy stated, "We are both disappointed and frustrated with the Tribunal's decision to deny our right to bring a legacy NAFTA claim."
TC能源公司法律部執行副總裁Patrick Keys表示:"仲裁庭拒絕我們提起一個傳統的北美自由貿易協定的設‘立遺產’訴訟權的決定讓我們失望和沮喪。"
"This ruling does not align with our expectations and views of the plain interpretation of the protections NAFTA and the USMCA were designed to offer. TC Energy was treated unfairly and inequitably in the revocation of the Permit, which was driven by political considerations."
"這個裁決與我們對 NAFTA 和美墨加自協議所設計的保護的明確解釋和期望不一致。在吊銷許可證的事件中，TC能源公司受到不公正和不公平的對待，這是由政治考慮所驅動的。"
TC Energy has not included any potential NAFTA claim recoveries in its financial statements or outlook.
TC Energy在其基本報表或展望中沒有包括任何潛在的 NAFTA 索償。
Keystone XL, designed to transport 830,000 barrels per day from Alberta, Canada, to the U.S. Midwest, faced over a decade of environmental and regulatory challenges before its permit was revoked, reported Reuters.
據路透社報道，Keystone XL項目旨在將每天從加拿大阿爾伯塔省運輸830,000桶原油到美國中西部。該項目在取得許可證之前面臨超過十年的環境和監管挑戰。
President Joe Biden revoked the pipeline's permit a year after NAFTA ended in July 2020, replaced by the United States-Mexico-Canada Agreement (USMCA).
美國總統喬·拜登在北美自由貿易協定於2020年7月結束並由美國-墨西哥-加拿大協議取代一年後吊銷了該管道的許可證。
Also Read: TC Energy Shareholders Approve Spin-Off Of Liquids Pipeline Business: Report
另請參閱：據報道，TC Energy股東批准分拆液體管道業務。
Investors can gain exposure to the stock via VanEck Energy Income ETF (NYSE:EINC) and IPath Select MLP ETN (BATS:ATMP).
投資者可以通過VanEck能源收益ETF (紐交所代碼：EINC)和IPath Select MLP ETN (BATS代碼：ATMP)獲得該股票的投資收益。
Price Action: TRP shares are down 0.18% at $39.87 premarket at the last check Wednesday.
截至本週三最後一次檢查時，TRP股價盤前下跌0.18%，報39.87美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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