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TransCanada To File NAFTA ISDS Claim Seeking $15 Billion Over Keystone

January 7, 2016 at 9:36 PM
Canadian pipeline firm TransCanada said Wednesday (Jan. 6) it intends to launch an investor-state challenge against the United States under the North American Free Trade Agreement (NAFTA) seeking over $15 billion in damages as a result of the U.S. government's decision to deny its application to build the Keystone XL pipeline. Opponents of the Trans-Pacific Partnership (TPP) immediately latched on to the announcement to back up their argument that the investor-state dispute settlement mechanism (ISDS) is flawed because it allows...

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