TransCanada suspends $15 billion NAFTA suit

Lawsuit alleges the US government failed to ensure the company was treated in accordance with international law.

CALGARY — TransCanada Corp. has suspended a $15-billion lawsuit against the US regarding its Keystone XL project following signals by President Donald Trump that he will likely approve the pipeline.

The company filed the North American Free Trade Agreement challenge last year alleging the US government failed in its commitment to protect Canadian investors and ensure the company was treated in accordance with international law.

The process before the International Centre for Settlement of Investment Disputes has been suspended until March 27.

The company maintains that former US president Barack Obama rejected the pipeline to appear strong on climate change, even though the government concluded numerous times that the pipeline would not have a significant impact on greenhouse gas emissions.

TransCanada renewed its regulatory push for the US$8-billion project after Trump asked the company to resubmit its application for a permit to build the project, shortly after his inauguration. The company also filed an application with the Nebraska Public Service Commission for state-level approval earlier this month.

The nearly 1,900-kilometre pipeline, which would carry some 830,000 barrels a day of Alberta crude towards the US Gulf Coast, became a flash point for climate change activists before Obama rejected it in 2015.

News from © Canadian Press Enterprises Inc. 2016
2 Comments » for TransCanada suspends $15 billion NAFTA suit
  1. Nick says:

    I propose a new cost effective route for the pipeline that after leaving Alberta will make its way through MT, ID, & NV, and follow the US Mexico border all the way from CA, AZ, & NM to Houston TX. Don’t bury the pipe, have it above ground and it can double up as the new border control fence.
    Saves money makes sense and all NAFTA members are involved in some way.

  2. Greg Pritchett says:

    Great idea. I think coming down across NV and follow the border from CA, AZ, & NM to TX is the way to go. Double the effect of the pipe line, make money and act as a barrier reducing cost to 1 implementation.

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