From the Washington Examiner:
TransCanada Corp. filed a claim under the North American Free Trade Agreement Friday seeking $15 billion over the Obama administration’s rejection of the Keystone XL pipeline.
The company filed the claim seeking arbitration under the trade agreement, arguing that they had reason to believe that they would emerge and win approval to build the Keystone pipeline, which was ultimately rejected by the Obama administration in November.
In the filing, TransCanada said that the U.S. spent seven years using “arbitrary and contrived” analyses and justifications as they delayed making a final decision.
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