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Eugene

(61,592 posts)
Sat Jun 25, 2016, 02:29 PM Jun 2016

TransCanada formally seeks NAFTA damages in Keystone XL rejection

Source: Reuters

Politics | Sat Jun 25, 2016 2:12pm EDT

TransCanada formally seeks NAFTA damages in Keystone XL rejection

TransCanada Corp is formally requesting arbitration over U.S. President Barack Obama's rejection of the Keystone XL pipeline, seeking $15 billion in damages, the company said in legal papers dated Friday.

TransCanada submitted a notice for an arbitration claim in January and had then tried to negotiate with the U.S. government to "reach an amicable settlement," the company said in files posted on the pipeline's website.

"Unfortunately, the parties were unable to settle the dispute."

TransCanada said it then filed its formal arbitration request under North American Free Trade Agreement (NAFTA) provisions, seeking to recover what it says are costs and damages.

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Read more: http://www.reuters.com/article/us-transcanada-keystone-idUSKCN0ZB0R9

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TransCanada formally seeks NAFTA damages in Keystone XL rejection (Original Post) Eugene Jun 2016 OP
Hope this gets huge publicity so people can understand rurallib Jun 2016 #1

rurallib

(62,344 posts)
1. Hope this gets huge publicity so people can understand
Sat Jun 25, 2016, 02:38 PM
Jun 2016

what that fucking arbitration is all about in these trade deals.
Enough loud publicity that it will prompt an outcry against TPP and others like it.

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