Keystone XL rejection leads TransCanada to sue Obama administration


petros
#1
But but but it was because of the environment....

TransCanada has filed a lawsuit against the Obama administration and plans to file a claim under the North American Free Trade Agreement over the U.S. government's rejection of the company's proposed Keystone XL pipeline.

The company said Wednesday it has filed a notice of intent to initiate the NAFTA claim on the basis that the denial was not justified.

"TransCanada has been unjustly deprived of the value of its multibillion-dollar investment by the U.S. administration's action," said the company in a release.

The firm says it will be looking to recover $15 billion US in costs and damages as a result of what it says is a breach of obligations under Chapter 11 of NAFTA.

"TransCanada asserts the U.S. administration's decision to deny a presidential permit for the Keystone XL pipeline was arbitrary and unjustified," the company said.

Obama exceeded his power, says company

TransCanada says it has also filed a lawsuit in the U.S. Federal Court in Texas asserting that President Barack Obama's decision to deny construction of Keystone XL exceeded his power under the U.S. Constitution.


Mo' Keystone XL rejection leads TransCanada to sue Obama administration - Calgary - CBC News
 
Angstrom
#2
 
Danbones
#3
sure, just don't be holding any weddings at Keystone's head office