Pacific Trade Deal Foes Say Keystone Case Shows Pact's Risk

January 6, 2016

A legal dispute over the Keystone XL oil pipeline is giving opponents of a Pacific trade agreement a fresh argument in their effort to get Congress to kill the pact. They say the case announced Wednesday, in which TransCanada Corp. is seeking arbitration to recover $15 billion tied to the Obama administration’s rejection of Keystone, shows how foreign companies could use provisions of the proposed Trans-Pacific Partnership trade agreement to challenge U.S. policy on the environment and other matters.

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Topics: ENVIRONMENT INVESTOR-STATE DISPUTE SETTLEMENT (ISDS) MEGA-REGIONAL AGREEMENT

Regions: NORTH AMERICA

Authors: BLOOMBERG

RTA

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