TransCanada fights back

摘要

U.S. President Barack Obama's decision to deny a Presidential Permitforthe Keystone XL Pipeline is, according to TransCanada, a violation of the U.S.'s obligations under the North American Free Trade Agreement (NAFTA). The company announced at the beginning of this year that it plans to seekto recover more than US$15 billion in costs and damages from the U.S. government; it claims the president exceeded his power under the U.S. constitution.