TransCanada sues U.S. over Keystone XL rejection

The Canadian Company, TransCanada Corp, involved with the controversial KeystoneXL pipeline is suing the U.S. Government !!

One claim seems to be Obama's "rejection" is unconstitutional.

TCC also filed a complaint using the NAFTA agreement as ammo for their claims.

Apparently TCC has lost money and could be out for jealous revenge.

They want some big money to settle.

Obama is in hot water again !!


TransCanada sues U.S. over Keystone XL rejection

TransCanada Corp sued the U.S government in U.S. federal court on Wednesday, alleging President Barack Obama's rejection of the Keystone XL pipeline exceeded his power under the U.S. Constitution.

Obama rejected the cross-border crude oil pipeline late last year, seven years after it was first proposed. TransCanada also filed legal action under the North American Free Trade Agreement (NAFTA), saying the pipeline permit denial was "arbitrary and unjustified."

As part of the NAFTA claim, the company was seeking $15 billion.

a reply to: xuenchen

Doesn't that new trade agreement (TPP) or whatever give corporations the right to sue governments?

If I am correct, OOPS?

I think I'm right!

Foreign Corporations could sue our governments

The TPP includes rights for foreign corporations to sue governments for millions of dollars in international tribunals if they can argue that a change in domestic law or policy at national, state or local level will ‘harm’ their investment, known as Investor-State Dispute Settlement (ISDS).

The tribunals consist of investment lawyers who are not independent judges but can continue to be practicing lawyers, with obvious conflicts of interest. Australia’s High Court Chief Justice and other legal experts have said that ISDS is not a fair legal system because it has no independent judges, no precedents and no appeals. Increasing numbers of cases against health, environment and even minimum wage laws show that ISDS can undermine democratic rights to regulate.

Foreign Corporations could sue our governments

Scratches head........

This will be one to watch alright. $15B is peanuts in the large scale of things, but sure to be an irritant as the case builds over the coming weeks and months. It could take years and by then there will be a change in both governments.

I like the Canadian Company saying that Obama exceeded his constitutional power. Good luck with that one.

On another note, oil is trading at $34/barrel.

originally posted by: masqua
This will be one to watch alright. $15B is peanuts in the large scale of things, but sure to be an irritant as the case builds over the coming weeks and months. It could take years and by then there will be a change in both governments.

I like the Canadian Company saying that Obama exceeded his constitutional power.

Good luck with that one.

On another note, oil is trading at $34/barrel.

Right?

A Canadian multi national saying that they want a say as to what is considered constitutional and what isn't?

Laughable

Wasn't it the state department who decided no anyway?

~Tenth

Part of me thinks this is going exactly according to plan.

www.transcanada.com...

The company's lawsuit in federal court in Houston does not seek legal damages but wants the permit denial invalidated and seeks a ruling that no future president can block construction.

What the hell is this BS? Pardon my ignorance, but if not the President, then who is in charge of denial?

The project ran into opposition from environmental groups in the United States and blocking it became a litmus test of the green movement's ability to hinder fossil fuel extraction in Canada's oil sands.

US oil production plateaued in 2014 and Obama played the card. TransCanada is capitalizing on the recent downtrend. The cheap oil or "calm before the storm" was only to prepare us for a pseudo-decline, forcing us to look closer to home rather than overseas.

U.S. companies have already cut more than 86,000 jobs due to low oil prices, according to Challenger, Gray & Christmas.

And it has put $1.5 trillion of oil and natural gas projects at risk, research firm Wood Mackenzie estimates. U.S. oil rig counts have also tumbled to the lowest levels in nearly five years.

NAFTA and the TPP are in cahoots, ready to balance the worlds energy consumption. Sorry to go all NWO on everybody, but this has been a work in progress, meant to look like it has to happen out of necessity, instead of exploring viable overseas markets.

The decline in U.S. production has raised hopes the market will be able to absorb the enormous supply glut sooner rather than later.

"This is very significant. If production continues falling by 100,000 barrels per day, then we think the balance between supply and demand can happen earlier," said Per Magnus Nysveen, head of analysis at Rystad Energy.

Link

They signed it into law. If they didn't want it to happen, they shouldn't have gone there.

I have a friend that works in South Bend maintaining the controls equipment they are waiting to install. Tens of millions of dollars of stuff stored in warehouses and powered up waiting to be shipped out.

The US government does not own the land that that pipeline has to cross. The First People do not want it on their land. That should be the end of that pipeline.

So as not to sidetrack this thread I continue line of discussion in this new thread. www.abovetopsecret.com...

Why would we want another countries pipeline running across our country anyway? That oil does not come to America. I am sure they will hire Canadian companies or Chinese companies to manage the pipeline.

Our oil companies will be paying to use their pipeline to ship our oil.

Most of the pipelines are already operating.

Why was the last leg cancelled?

Keystone Pipeline


and look at the wonderful employment opportunities !!
Pipes=Jobs

So a foreign corporation has the legal right to overstep the decisions of the president of another country as to what he/she does or does not want running through their own country ?

If the US doesn't want a pipeline running through their country then they should bloody well have the right to make that decision for themselves.

Sounds like Obama is getting a taste of his own medicine and what the world is going to be like when his beloved TPP regulations come to full fruition. NAFTA is just a milder version of it... let the games begin.

Karma is a real biatch, isn't it ?

That is the problem with trade...you sign an agreement to go ahead...and last minute you ditch the papers meanwhile the businesses have already spent millions of dollars getting prepared and people hired under contract to perform work...that is not going to fly very nicely in court.

There is a reason why voting should take place both in public and in congress to pass such agreements. Obama was thinking private all the way without thinking of consequences of backing out. Kind of like sweeping dirt under the rug. One day that dirt will come out and bite you in the @ss big time.