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TransCanada seeks $15bn in damages over Keystone XL pipeline rejection

2016-06-27 01:00:00| Hydrocarbons Technology

TransCanada is requesting arbitration under the North American Free Trade Agreement (Nafta) over US President Barack Obama's denial of the Keystone XL pipeline and is seeking $15bn in damages.

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TransCanada files $15 bn suit over US Keystone pipeline rejection

2016-06-26 20:25:00| Climate Ark Climate Change & Global Warming Newsfeed

AFP: TransCanada has formally filed a $15 billion suit against the US government for blocking its controversial project for an oil pipeline linking Canada with the Gulf of Mexico, legal documents show. The company first announced its intention to sue in January, but then sought negotiations toward "an amicable settlement of the dispute" surrounding the Keystone XL pipeline, according to legal documents posted on its website. Unable to settle, the company formally filed suit late Friday, asserting...

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TransCanada formally seeks NAFTA damages in Keystone XL rejection

2016-06-26 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

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...

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Keystone XL Owner TransCanada Wins Bid For Underwater Gas Pipeline Across Gulf of Mexico

2016-06-18 19:47:00| Climate Ark Climate Change & Global Warming Newsfeed

Desmog Blog: TransCanada, owner of the proposed Keystone XL pipeline currently being contested in federal court and in front of a North American Free Trade Agreement (NAFTA) legal panel, has won a $2.1 billion joint venture bid with Sempra Energy for a pipeline to shuttle gas obtained from hydraulic fracturing (fracking) in Texas' Eagle Ford Shale basin across the Gulf of Mexico and into Mexico. The 500-mile long Sur de Texas-Tuxpan pipeline, as reported on previously by DeSmog, is part of an extensive pipeline...

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Donald Trump is an environmental nightmare: Keystone, climate change and GOP's demented pander

2016-06-05 17:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Salon: When President Obama officially killed the Keystone XL pipeline in November 2015, that should have been the end of it. But last week Donald Trump promised to raise the pipeline from the dead if he is elected president. Trump chose to make his remarks in the heart of Americas drill-baby-drill demographic in Bismarck, North Dakota. Im saying yes, we will absolutely approve it, Trump said. Trump also promised to get rid of Obamas measures to reduce emissions, cancel the Paris climate agreement,...

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