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TransCanada Asks $15 Billion for Keystone XL Rejection
2016-06-28 11:57:00| Climate Ark Climate Change & Global Warming Newsfeed
Environment News Service: This weekend, TransCanada moved forward with a lawsuit against the United States under the North American Free Trade Agreement, NAFTA, seeking US$15 billion in damages due to President Barack Obama's rejection of the Keystone XL tar sands pipeline. The Keystone XL Pipeline Project was a proposed 1,179-mile (1,897 km), 36-inch-diameter crude oil pipeline, beginning in Hardisty, Alberta, and extending south to Steele City, Nebraska. It was supposed to carry diluted bitumen from the Alberta tar sands...
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TransCanada suing U.S. for $15B over Keystone rejection
2016-06-27 16:56:00| Climate Ark Climate Change & Global Warming Newsfeed
Associated Press: The company that proposed the Keystone XL pipeline is seeking $15 billion in damages from the federal government after the Obama administration rejected the Canada-to-Texas project, a company spokesman said Monday. TransCanada Inc. filed a request for arbitration Friday under the North American Trade Agreement, arguing that the State Department`s actions led the company to believe the project would win approval. President Barack Obama rejected a federal permit for the project in November, saying...
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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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rejection
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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