TRANSCANADA FILES NAFTA SUIT DEMANDING MORE THAN $15 BILLION

[This Just In]

Excerpt below:

WASHINGTON, D.C. -- On June 24, foreign oil company TransCanada filed a lawsuit against the United States under NAFTA, the North American Free Trade Agreement, arguing that the U.S. rejection of the Keystone XL pipeline violated NAFTA’s broad rights for foreign investors by thwarting the company’s “expectations.” As compensation, TransCanada is demanding more than $15 billion from U.S. taxpayers.



TransCanada’s case will be heard in a private tribunal of three lawyers who are not accountable to any domestic legal system, thanks to NAFTA’s “investor-state” system, which is also included in the proposed Trans-Pacific Partnership (TPP). The controversial TPP would empower thousands of additional corporations, including major polluters, to follow TransCanada’s example and use this private tribunal system to challenge U.S. climate and environmental policies.



TransCanada’s Request for Arbitration follows the Notice of Intent to submit a claim to arbitration that it filed on January 6, 2016.


TRANSCANADA FILES NAFTA SUIT DEMANDING MORE THAN $15 BILLION FOR KEYSTONE XL REJECTION

[badgerhoya]

Jul 18, 2018 11:32:39 GMT -5 This Just In said:

Excerpt below:

WASHINGTON, D.C. -- On June 24, foreign oil company TransCanada filed a lawsuit against the United States under NAFTA, the North American Free Trade Agreement, arguing that the U.S. rejection of the Keystone XL pipeline violated NAFTA’s broad rights for foreign investors by thwarting the company’s “expectations.” As compensation, TransCanada is demanding more than $15 billion from U.S. taxpayers.



TransCanada’s case will be heard in a private tribunal of three lawyers who are not accountable to any domestic legal system, thanks to NAFTA’s “investor-state” system, which is also included in the proposed Trans-Pacific Partnership (TPP). The controversial TPP would empower thousands of additional corporations, including major polluters, to follow TransCanada’s example and use this private tribunal system to challenge U.S. climate and environmental policies.



TransCanada’s Request for Arbitration follows the Notice of Intent to submit a claim to arbitration that it filed on January 6, 2016.


TRANSCANADA FILES NAFTA SUIT DEMANDING MORE THAN $15 BILLION FOR KEYSTONE XL REJECTION

Why are you posting something that’s more than 2 years old?

[TC]

www.reuters.com/article/us-usa-pipeline-keystone-lawsuit/transcanada-keystone-xl-rejection-lawsuit-dropped-arbitrator-idUSKBN16V21G

This suit appears to have been completely dropped

[This Just In]

Jul 18, 2018 21:10:36 GMT -5 badgerhoya said:

Jul 18, 2018 11:32:39 GMT -5 This Just In said:

Excerpt below:

WASHINGTON, D.C. -- On June 24, foreign oil company TransCanada filed a lawsuit against the United States under NAFTA, the North American Free Trade Agreement, arguing that the U.S. rejection of the Keystone XL pipeline violated NAFTA’s broad rights for foreign investors by thwarting the company’s “expectations.” As compensation, TransCanada is demanding more than $15 billion from U.S. taxpayers.



TransCanada’s case will be heard in a private tribunal of three lawyers who are not accountable to any domestic legal system, thanks to NAFTA’s “investor-state” system, which is also included in the proposed Trans-Pacific Partnership (TPP). The controversial TPP would empower thousands of additional corporations, including major polluters, to follow TransCanada’s example and use this private tribunal system to challenge U.S. climate and environmental policies.



TransCanada’s Request for Arbitration follows the Notice of Intent to submit a claim to arbitration that it filed on January 6, 2016.


TRANSCANADA FILES NAFTA SUIT DEMANDING MORE THAN $15 BILLION FOR KEYSTONE XL REJECTION

Why are you posting something that’s more than 2 years old?

Did you know about this case?

[badgerhoya]

Jul 19, 2018 22:38:17 GMT -5 This Just In said:

Jul 18, 2018 21:10:36 GMT -5 badgerhoya said:

Why are you posting something that’s more than 2 years old?

Did you know about this case?

Does it matter? Was there any precedent set? Frankly, if we’re talking court cases about the Keystone pipeline, you’d be best to read up on the other suits still pending in state and federal courts, including that of the Sioux tribe.

Or we can just tilt at windmills and raise tariffs on Canadian maple syrup... you know, whatever floats your boat.