TransCanada will use ISDS to sue US for $15 billion because the President did not approve a pipeline.

  • President Obama decided to not approve the keystone XL pipeline.
  • TransCanada argues that it “had every reason to expect that its application [for the pipeline] would be granted.”
  • Hence, TransCanada intends to sue the US for $15 billion compensation through a secret ISDS tribunal.

The article below portrays risks to the environment BUT the same risks apply to government decisions relating to health and other areas when large corprations are given new powers under ISDS provisions.

Full article, external link The Corporation Behind Keystone XL Just Laid Bare the TPP’s Threats to Our Climate