TransCanada files federal lawsuit over Keystone XL rejection

By News on the Net —— Bio and Archives January 6, 2016

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TransCanada filed a federal lawsuit Wednesday alleging that President Obama’s rejection of the Keystone XL pipeline exceeded his power under the U.S. Constitution.

The company also filed a seperate legal action under the North American Free Trade Agreement, claiming the pipeline permit deal was “arbitrary and unjustified” and sought $15 billion in damages. In filing a NAFTA claim, TransCanada said it “had every reason to expect its application would be granted,” after it had met the same criteria the U.S. State Department used when approving other similar cross-border pipelines. More...