Economy
January 6, 2016
TransCanada Suing U.S. Over Rejection of Keystone XL Pipeline
Written by Sandy Williams
TransCanada says it intends to file a claim for more than $15 billion against the U.S. for what it calls the “arbitrary and unjustified” rejection of the proposed Keystone XL pipeline.
The claim, filed under Chapter 11 of the North American Free Trade Agreement, seeks to recover “costs and damages that it has suffered as a result of the U.S. Administration’s breach of its NAFTA obligations.”
