TransCanada prepares to hand Barack Obama a bill for $15B

Hot air ^ | June 27, 2016 | JAZZ SHAW

[Hojczyk]

During all of that time, TransCanada (the company working to complete the project) was running up some significant bills doing preparatory work, filing reports, paying for armies of lawyers and engineering talent… this was not a low cost, low risk endeavor. And all the while they were being assured that the plan would get a fair hearing and held obvious benefits for both the United States and Canada. Then the plug was unceremoniously pulled.

With all of that history as prologue, it may not be surprising that they would now like some of the money which was invested in good faith returned to them, and they’d like Barack Obama to sign the check. (Reuters)

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.

also. As Bloomberg reports, this TransCanada dispute could invigorate opposition to the Pacific deal.

TransCanada’s claim could reinvigorate opponents of the proposed Trans-Pacific Partnership and make it even harder for advocates of that 12-nation trade deal to get it ratified by Congress. Like Nafta, the Trans-Pacific Partnership includes investor-state dispute settlement provisions that allow foreign companies to challenge domestic laws in front of international arbitration panels. Investor-State Provisions

[Thank You Rush]

>>2014<< Lots of proof that it WAS cleared to go through until - who knows?? I remember when Hillary had no objections and the State Department was ready to ahead.

“”The State Department released a new environmental analysis of the proposed Keystone XL pipeline on Friday that increases the likelihood that the Obama administration will approve the project.

The report, which is the final version of the department’s environmental impact statement, found that the pipeline will not significantly increase greenhouse gas emissions — the biggest issue for the environmental groups that want to see the pipeline rejected.””

http://www.huffingtonpost.com/2014/01/31/keystone-environmental-analysis_n_4704906.html

http://www.thestate.com/latest-news/article14422853.html

[longfellow]

Exactly the scene I was thinking of.