Governments, and the people, should be filing law suits against the energy industry for causing the imminent collapse of civilization as we know it. But instead, the opposite is happening.
TransCanada formally seeks NAFTA damages in Keystone XL rejection
TransCanada Corp is formally requesting arbitration over U.S. President Barack Obama’s rejection of the Keystone XL pipeline, seeking $15 billion in damages, the company said in legal papers dated Friday.
The Keystone XL was designed to link existing pipeline networks in Canada and the United States to bring crude from Alberta and North Dakota to refineries in Illinois and, eventually, the Gulf of Mexico coast.
Obama rejected the cross-border crude oil pipeline last November, seven years after it was first proposed, saying it would not make a meaningful long-term contribution to the U.S. economy.
TransCanada is suing the United States in federal court in a separate legal action, seeking to reverse the pipeline’s rejection.
About 750,000 homes could be fitted with some really sweet solar arrays for that money. Let’s do that instead!