President Donald Trump and Canadian Prime Minister Justin Trudeau participate in a joint news conference at the White House in February. On Tuesday, Trump said he threatened to nix a Canadian company's Keystone Pipeline project unless it dropped a lawsuit against the U.S. government. (Mark Wilson/Getty Images file photo)
Updated at 11:25 a.m. | President Donald Trump is asserting he got the Canadian company behind the Keystone XL pipeline project to drop a lawsuit seeking more than $10 billion from the U.S. government after he threatened to take back his approval of the project.
In late January, Trump signed an executive order green-lighting TransCanada’s application to build the Keystone XL after the Obama administration blocked it for years. He did so, however, with a major caveat, saying the pipeline deal was “subject to terms and conditions that will be negotiated by us.”