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TransCanada to sue US for $15 bn over pipeline rejection

Demonstrators celebrating US President Barack Obama's blocking of the Keystone XL oil pipeline rally in front of the White House in Washington, DC on November 6, 2015TransCanada will sue the US government for US$15 billion for blocking its controversial project for an oil pipeline linking Canada with the Gulf of Mexico, the firm said on Wednesday. TransCanada Corp. said the denial of a permit to complete the Keystone XL pipeline “was arbitrary and unjustified” under the North American Free Trade Agreement, and that the decision also exceeded the constitutional powers of US President Barack Obama.

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