Monday, June 27, 2016

TransCanada Sues US Over Keystone XL Pipeline

Here's what can happen to countries that sign "free trade" deals:

TransCanada Corp. is seeking to recoup $15 billion for the Obama administration’s rejection of the Keystone XL oil pipeline, in a legal claim that highlights how foreign companies can use trade deals to challenge U.S. policy.

The Calgary-based pipeline operator filed papers late Friday seeking arbitration under the North American Free Trade Agreement, arguing that TransCanada had every reason to believe it would win approval to build Keystone XL. Instead, President Barack Obama last November determined that the pipeline, which would have carried Canadian oil sands crude to the U.S. Gulf coast, wasn’t in the national interest. In response, TransCanada in January vowed to use arbitration provisions in Chapter 11 of Nafta to recover costs and damages.

The company said the U.S. spent seven years delaying a final decision on the project with multiple rounds of “arbitrary and contrived” analyses and justifications.

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Our Liar-in-Chief, Obama ad-Dajjal, has made the following claim:

"No trade agreement is going to force us to change our laws."

Source -

That's a very sneaky way to lie about the reality of these so-called "free trade" deals. Here is a better explanation of that reality:

The [Democratic Party Platform drafting] committee rejected an effort to defeat the Trans Pacific Partnership (‪TPP‬). This trade agreement destroys the first three articles of the US Constitution which created the legislative, the executive, and the judicial branches. It does so by transferring the sovereign powers of the US government to an anti-democratic Investor State and to international tribunals run by private attorneys.

The TPP turns the US treasury into an ATM for every foreign investor who wishes to challenge and get compensation for any health, safety and environmental rule deemed obstructive by the foreign trade tribunal. It can even sue the US for creating a trade barrier through maintaining public employment.

Source - Facebook page of former US Representative Dennis Kucinich

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