TransCanada Corp. files a $15-billion lawsuit against President Barack Obama’s rejection of the Keystone XL pipeline. The Canadian company argues that Obama's decision was based on politics and exceeded his power under the US Consitution.
TranCanada filed a lawsuit against the Obama administration over the denial of Keystone XL pipeline project. The company also issued a claim under NAFTA for $15 billion in damages.
U.S. President Barack Obama on Friday rejected the proposed Keystone XL oil pipeline from Canada in a victory for environmentalists who have campaigned against the project for more than seven years.
TransCanada Corp (TRP.TO) said on Monday that it has requested the suspension of the U.S. review for its Keystone XL crude oil pipeline, a surprise move that comes just after the White House indicated it plans to rule on the controversial project before the end of President Barack Obama's term in office.
