Rather, it argues, the case represents an important chance for both governments to defend their ability to pursue climate-friendly public policy without being forced to "unjustly" enrich impacted investors. state, it does not follow that it is in Canada's interest for TC Energy to prevail," the report reads. "Though the TC Energy dispute pits a Canadian company against the U.S. defence: that TC Energy has no legal recourse under North American trade rules, past or present. The lawsuit is based on the investor-state dispute rules in the now-expired NAFTA, as well as that deal's successor, the U.S.-Mexico-Canada Agreement, which included a three-year extension of those rules for so-called "legacy" investors.Ī new report to be released Wednesday by the Canadian Centre for Policy Alternatives recommends Ottawa back the U.S. Capital Dispatch: Sign up for in-depth political coverage of Parliament Hill.The Calgary-based company is seeking to recoup US$15 billion in lost revenue from the on-again, off-again cross-border pipeline expansion, which President Joe Biden killed off for good in 2021 on his first day as commander-in-chief. 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.
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