Canada's ATCO Transfers Unfinished Pipeline Ownership to Mexico After $100M Damages Award
Canada's ATCO Ltd has agreed to transfer ownership of an unfinished natural gas pipeline in Mexico to the Mexican government after a dispute with the country's state power company, Reuters reported on Thursday, March 30, 2023.
According to two officials who spoke with Reuters, the agreement marks a rare breakthrough in ongoing tensions over energy between the two countries.