Bubba Clinton’s love child NAFTA has reared it’s head at the worst possible time for his globalist wife. Invoking the 1993 stab in the back of the American worker, the TransCanada Corporation is demanding that the taxpayers cough up $15 billion in damages over Obama’s refusal to authorize the Keystone XL Pipeline. The demand for money shows just how these globalist monstrosity trade deals expose what should be a sovereign United States to the whims of transnational corporations.
Reuters is reporting “TransCanada formally seeks NAFTA damages in Keystone XL rejection”:
TransCanada Corp is formally requesting arbitration over U.S. President Barack Obama’s rejection of the Keystone XL pipeline, seeking $15 billion in damages, the company said in legal papers dated Friday.
TransCanada submitted a notice for an arbitration claim in January and had then tried to negotiate with the U.S. government to “reach an amicable settlement,” the company said in files posted on the pipeline’s website.
“Unfortunately, the parties were unable to settle the dispute.”
TransCanada said it then filed its formal arbitration request under North American Free Trade Agreement (NAFTA) provisions, seeking to recover what it says are costs and damages.
The Keystone XL was designed to link existing pipeline networks in Canada and the United States to bring crude from Alberta and North Dakota to refineries in Illinois and, eventually, the Gulf of Mexico coast.
Obama rejected the cross-border crude oil pipeline last November, seven years after it was first proposed, saying it would not make a meaningful long-term contribution to the U.S. economy.
TransCanada is suing the United States in federal court in a separate legal action, seeking to reverse the pipeline’s rejection.
NAFTA, whose arbitration provisions allow companies to challenge governments before international panels, has been a target of recent anti-free-trade sentiments in the United States.
The heads of NAFTA members, Canada, the United States and Mexico, are expected to meet in Ottawa for a North American leaders’ Summit on June 29.
Look for more of the same horseshit when the Trans-Pacific Partnership (TPP) aka Obamatrade gets rammed through in the lame duck session after the election. The TPP has been called NAFTA on steroids and has drawn opposition across the political spectrum by those who have seen how the bogus bill of goods that Slick Willie sold to America has turned out. Obama will have the complicity of both Paul Ryan and Mitch McConnell in the coming hose job. Hillary is in on it too because the Clinton loyalist stacked DNC is refusing to address the TPP in it’s official platform.