TransCanada sues Obama administration over Keystone XL rejection under NAFTA –Calgary-based company ‘throwing the corporate equivalent of a temper tantrum,’ say opponents | 06 Jan 2016 | TransCanada has filed a lawsuit against the Obama administration and plans to file a claim under the North American Free Trade Agreement over the U.S. government’s rejection of the company’s proposed Keystone XL pipeline. The company said Wednesday it has filed a notice of intent to initiate the NAFTA claim on the basis that the denial was not justified. “TransCanada has been unjustly deprived of the value of its multi-billion-dollar investment by the U.S. Administration’s action,” said the company in a release. [This is *exactly* why Obama’s deadly corporate takeover bill, the Trans-Pacific Partnership (TPP) aka ‘NAFTA on steroids,’ needs to be stopped dead in its psychotic tracks. –LRP]
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