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Sun Jun 26, 2016, 05:01 PM

TransCanada slaps the US gov't with US$15 bil. suit

This discussion thread was locked as off-topic by Raine1967 (a host of the Latest Breaking News forum).

Source: Agence France-Presse

TransCanada slaps the US gov't with US$15 bil. suit

AFP
June 27, 2016, 12:19 am TWN

OTTAWA -- TransCanada has formally filed a US$15 billion suit against the U.S. 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 that denial of a permit to complete the pipeline was "unjustified" under the North American Free Trade Agreement (NAFTA), and that the decision also exceeded U.S. President Barack Obama's constitutional powers.

The suit is based on Chapter 11 of NAFTA the 1994 trade pact between the United States, Canada and Mexico which aims to protect foreign investors from potential losses.

Read more: http://www.chinapost.com.tw/business/americas/2016/06/27/470449/TransCanada-slaps.htm

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Reply TransCanada slaps the US gov't with US$15 bil. suit (Original post)
Judi Lynn Jun 2016 OP
JEB Jun 2016 #1
bucolic_frolic Jun 2016 #2
markpkessinger Jun 2016 #7
elmac Jun 2016 #3
Ash_F Jun 2016 #4
Scientific Jun 2016 #5
markpkessinger Jun 2016 #6
CanonRay Jun 2016 #8
Akicita Jun 2016 #9
Night Watchman Jun 2016 #10
Raine1967 Jun 2016 #11

Response to Judi Lynn (Original post)

Sun Jun 26, 2016, 05:06 PM

1. K&R for exposure.

 

These corporate sponsored trade deals are big mistakes.

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Response to Judi Lynn (Original post)

Sun Jun 26, 2016, 05:07 PM

2. You started a pipeline without prior approval?

They knew the risks, government regulation of business is not a science,
it has economic and political elements even in the age of NAFTA

Sounds to me like they handled this like a right-of-way with an expected
outcome

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Response to bucolic_frolic (Reply #2)

Sun Jun 26, 2016, 06:02 PM

7. This is a direct result of NAFTA . . .

. . . (and will be the result of the TPP) and other trade deals.

Here's the thing about these trade deals, which are sold to taxpayers as being necessary to facilitate "tree trade" with other nations: provided neither nation has anyh law prohibiting it, there is nothing standing in the way of trade between any two nations. What these bills seek to accomplish, and do accomplish, essentially boils down to two things: (1) standardizing laws and regulations across nations, and (2) making sure such legal and regulatory standards are as minimal as possible, and tha they will remain so -- both in the interests of reducing corporate costs arising from things like tariffs, compliance with worker safety and environmental regulations, etc. They accomplish this by inserting language in these agreements that gives corporations legal recourse against government for lost _anticipated_ profits. That is outrageous. And that is why it is outrageous for a party that purports to represent working people to embrace these deals!

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Response to Judi Lynn (Original post)

Sun Jun 26, 2016, 05:34 PM

3. The bill should be spread out

 

amongst those who voted and signed for NAFTA, that seems fair.

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Response to Judi Lynn (Original post)

Sun Jun 26, 2016, 05:47 PM

4. NAFTA strikes! Foreshadowing of what TPP will get us.

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Response to Ash_F (Reply #4)

Sun Jun 26, 2016, 05:51 PM

5. Yup - TPP will unleash the Corporate Kraken

...and the Corporate Kraken will sue the human beings of planet earth and their so-called representative governments (but now captured) for every last frikken red cent.

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Response to Judi Lynn (Original post)

Sun Jun 26, 2016, 05:53 PM

6. Meanwhile, the Democratic Party embraces yet another trade deal that enables this nonsense! n/t

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Response to Judi Lynn (Original post)

Sun Jun 26, 2016, 06:26 PM

8. And TPP is NAFTA on steroids.n/t

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Response to Judi Lynn (Original post)

Sun Jun 26, 2016, 06:44 PM

9. God I love NAFTA.

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Response to Judi Lynn (Original post)

Sun Jun 26, 2016, 06:45 PM

10. If Trump is Elected, He'll send in the Marines to Take the Tarsands

 

And annex Alberta.

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Response to Judi Lynn (Original post)

Sun Jun 26, 2016, 09:21 PM

11. Locking; This is a dupe of this thread:

http://www.democraticunderground.com/10141500745
Please keep posting there.

Thanks.
Raine

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