TransCanada Corp. president and CEO Russ Girling, 53, won't back down on his company's proposed $8 billion Keystone XL oil pipeline from the Alberta tar sands to U.S. Gulf Coast refineries. Last month, in response to the State Department's final rejection of the project, Calgary-based TransCanada launched two lawsuits against the U.S. The first, a claim under the North American Free Trade Agreement, seeks $15 billion in damages; the second aims to overturn President Barack Obama's veto of the pipeline. Some critics point to TransCanada's NAFTA suit as a taste of what to expect under megaregional deals like the pending Trans-Pacific Partnership: more costly and controversial investor-state dispute settlement CISDS) cases.
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