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TransCanada Corporation, the company behind the Keystone XL pipeline, has sued the U.S. government over its rejection of the pipeline. Last week, TransCanada filed a lawsuit in U.S. federal court arguing President Obama’s rejection of the pipeline exceeded his constitutional authority.
TransCanada also filed legal action under the North American Free Trade Agreement (NAFTA) claiming denial of the pipeline permit was “arbitrary and unjustified.” In filing the NAFTA claim, TransCanada said it had “every reason to expect its application would be granted” because it meets the same criteria the U.S. State Department used when approving other similar cross-border pipelines. The company is seeking $15 billion as part of its claim.
On November 6, President Obama rejected the pipeline that would stretch from Canada to the Gulf Coast after years of being silent on the issue. The pipeline would boost the U.S. economy with thousands of jobs, provide additional fuel supply to our Gulf Coast refineries, and reduce our dependence upon foreign oil. The pipeline has wide ranging support and multiple environmental impact studies have shown that the pipeline would have no effect on climate change. #FuelMatters will continue to track how TransCanada’s legal action proceeds, and will keep an eye on how the candidates throughout the Presidential election support the project.
Learn more about TransCanada Corporation by visiting their website www.transcanada.com and be sure to weigh in on the Keystone Pipeline XL rejection and lawsuit on #FuelMatters Facebook, Twitter, LinkedIn and Google+.