Ottawa urged to back U.S., not TC Energy, in $15B lawsuit over demise of Keystone XL
WASHINGTON — A progressive public policy think tank is urging the federal government to side against oil and gas transmission giant TC Energy in its ongoing dispute with the United States over the ill-fated Keystone XL project.
A new report to be released Wednesday by the Canadian Centre for Policy Alternatives recommends Ottawa back the U.S. defence: that TC Energy has no legal recourse under North American trade rules, past or present. "The Keystone XL case is a clear example of a company wanting to be compensated for making a risky bet," wrote senior researcher Stuart Trew and Queen's University professor Kyla Tienhaara, the report's co-authors.
The company hopes to use a three-year grace period for NAFTA disputes that was included in the new USMCA, known in Canada as CUSMA. By the report's count, some 15 investors including TC Energy lodged their disputes after NAFTA expired but before the grace period ended April 30. "The U.S. argues that, had the CUSMA parties wanted to simply extend NAFTA's investment rules and ISDS procedures for another three years, they would have done so through a boilerplate sunset clause," the report says.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ottawa’s air quality expected to improve Monday afternoonThe Air Quality Health Index (AQHI) shows Ottawa’s air quality is at 10, or “high risk,” Monday morning.
Read more »
BEYOND LOCAL: Ottawa to host 2025 world junior hockey championship for first time in 16 yearsHockey Canada said in a release that the 18,652-seat Canadian Tire Centre, home of the NHL's Ottawa Senators, will serve as the primary venue and host 17 games, including both semifinals and the medal games.t.
Read more »
BEYOND LOCAL: Ottawa to host 2025 world junior hockey championship for first time in 16 yearsHockey Canada said in a release that the 18,652-seat Canadian Tire Centre, home of the NHL's Ottawa Senators, will serve as the primary venue and host 17 games, including both semifinals and the medal games.t.
Read more »
Ottawa vs. Gatineau housing marketsHow does it compare when it comes to purchasing a home in Gatineau vs. Ottawa? Joining me this morning with more is Taylor Bennett from the Bennett Property Shop.
Read more »
As Canadian population passes 40M, fast-growing provinces gain relatively fewer seats in OttawaWhile the number of Alberta and Ontario MPs looks set to increase, Atlantic provinces and Quebec may be sidelined
Read more »
Two from Ottawa arrested in North Bay for using fake prescriptions for narcoticsTwo Ottawa residents are each facing a list of charges after allegedly using fake narcotics prescriptions at numerous pharmacies around North Bay on Friday. ottnews
Read more »