TransCanada’s KXL Claim is a TPPA Wakeup Call for NZ
TransCanada, the tar sands company behind the Keystone XL pipeline is suing U.S. taxpayers for $15 billion — all because the U.S. government rejected the Keystone XL pipeline project.
Taxpayers will be on the hook for billions in damages if TransCanada wins.
The Keystone XL pipeline was designed to transport billions of barrels of bitumen, the world’s dirtiest oil, from Canada’s controversial tar sands to world markets. Pumping these record amounts of crude oil would spell disaster for the climate, and be incredibly hazardous in the case of a spill — and that’s why Americans stood together to say no.
Now TransCanada is using NAFTA — the North American Free Trade Agreement — to file its lawsuit. This decision about billions of dollars in taxpayer money will be made undemocratically in a private tribunal, instead of a court of law.
Lawsuits like this prove just how dangerous global trade deals like the Trans Pacific Partnership (TPP) and Transatlantic Trade and Investment Pact (TTIP) can be.
New Zealand campaign against TPPA – Auckland Protest march – Feb 4th 2016, Aotea Square.
Obama hit with NAFTA challenge over Keystone pipeline, Politico, January 6, 2016.
TransCanada sues U.S. over Keystone XL pipeline rejection, Reuters, January 6, 2016.