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Keystone Company Sues Obama Administration For Blocking XL Pipeline
2016-01-09 11:43:00| Climate Ark Climate Change & Global Warming Newsfeed
NYSE Post: The federal suit, which does not seek legal damages, wants the permit denial invalidated. "TransCanada asserts the administration's action was contrary to Congress' power under the U.S. Constitution to regulate interstate and worldwide commerce", the company said. TransCanada is also seeking $15bn in damages in sunk costs for the project, in a separate claim under the North American Free Trade Agreement (NAFTA). "The TPP would empower many more fossil fuel companies to follow TransCanada's...
Tags: company
administration
blocking
pipeline
TransCanada launches lawsuit, NAFTA challenge against Keystone rejection
2016-01-09 11:42:00| Climate Ark Climate Change & Global Warming Newsfeed
Bonham Journal: TransCanada filed a federal lawsuit Wednesday in Houston alleging President Barack Obama's decision in November to kill the pipeline exceeded his power under the U.S. Constitution. They say the case announced Wednesday, in which TransCanada Corp.is seeking arbitration to recover $15 billion tied to the Obama administration's rejection of Keystone, shows how companies could use provisions of the proposed Trans-Pacific Partnership trade agreement to challenge government decision making. All the...
Tags: challenge
launches
lawsuit
rejection
TransCanada legal challenges over Keystone pipeline face long odds
2016-01-08 06:16:02| Oil & Gas - Topix.net
TransCanada Corp faces a rocky legal path as it seeks to overturn President Barack Obama's denial of its Keystone XL pipeline or at least recoup some of its lost investment in the multibillion dollar project. The Canadian company filed a lawsuit in federal court in Texas on Wednesday, asking the court to declare the White House decision unlawful.
Tags: long
legal
face
challenges
TransCanada Sues U.S. for Killing Keystone XL
2016-01-07 18:01:00| Climate Ark Climate Change & Global Warming Newsfeed
Climate Central: TransCanada is suing the U.S. government for more than $15 billion in losses and damages for denying the Canadian company's permit to build the Keystone XL Pipeline. The U.S. State Department denied the permit in November, saying that the proposed $8 billion pipeline would undermine U.S. global leadership on climate change. Keystone XL would have transported more than 800,000 barrels of crude oil each day from the Canadian tar sands in Alberta to oil refineries in Texas. President Obama said...
Tags: xl
killing
keystone
sues
State regulators again approve Keystone XL oil pipeline
2016-01-07 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Associated Press: State regulators approved again on Tuesday the portion of the Keystone XL oil pipeline that would go through South Dakota, despite the projects stalled status at the federal level. The South Dakota Public Utilities Commissions decision also hinges on a requirement that TransCanada Corp. get a presidential permit for the project. President Barack Obama blocked the pipeline in November, but it could be revived under the next administration. South Dakotas decision further strengthens the companys...
Tags: state
oil
approve
pipeline
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