Energy and Environment

TransCanada sues U.S. for $15B over Keystone XL

By Al Weaver
Published June 25, 2016 6:21pm ET
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TransCanada sues U.S. for $15B over Keystone XL
NAFTA claim says U.S. spent seven years using "arbitrary and contrived" analyses. (AP Photo/Nati Harnik, File) | Nati Harnik

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.

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Climate Change Keystone XL Pipeline Law Minusextra Oil