TransCanada Files a $15 Billion Suit Over the Keystone XL Pipeline Rejection

TransCanada is seeking more than $15 billion in damages from the federal government after the Obama administration rejected the Keystone XL pipeline project last November.

TransCanada filed a request for arbitration under the North American Free Trade Agreement (NAFTA) arguing that the Calgary-based company had all reasons to believe the project would be approved by the President after receiving Congress approval on a bipartisan basis, gaining the affected states’ approval, and having overwhelming support from US citizens. Instead, the Obama administration vetoed the project claiming it did not align with the nation’s reputation has a global leader in fighting climate change.

The pipeline operator states it is their responsibility to take action after believing the State Department’s actions were not based off of scientific research but were instead taken for the credibility of the nation’s reputation.

The Keystone XL Pipeline was a proposed 1,179-mile (1,897 km), multi-billion-dollar pipeline that would have carried 830,000 barrels of crude oil a day from Hardity, Alberta in Canada to Steele City, Nebraska. From there the pipeline would have connected to existing pipelines running south to Gulf Coast refineries.

Read questions and answers provided by TransCanada that help readers better understand the legal actions: Keystone XL Blog

Source:
ABC News
Keystone XL Pipeline via TransCanada