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Energy Co. Sues US Gov’t

Energy Co. Sues US Gov’tEnergy Co. Sues US Gov’t

Last November, President Barack Obama decided not to approve the Keystone tar-sands oil pipeline project. Now TransCanada Corp. is suing the US government in an attempt to force a reversal of the decision, DW reported. TransCanada announced it had lodged the lawsuit in a federal court in Houston, Texas, the oil capital of the US. The lawsuit took the position that rejection of a permit to build TransCanada’s Keystone XL pipeline was unconstitutional, and asked the court to invalidate the permit denial and rule that no future US president can block construction. In a separate legal action under the North American Free Trade Agreement (NAFTA), the company claimed the permit denial was “arbitrary and unjustified.”

 

Financialtribune.com