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Talk about sore losers. The Canadian pipeline company TransCanada announced this afternoon that it is suing Obama Administration over its decision to reject the Keystone XL pipeline.
The lawsuit won't do anything to help get the pipeline built, it's too late for that. The only purpose is for TransCanada to get compensated for the billions of dollars it wasted on this boondoggle in the first place. It's a greedy and pathetic move, but I guess that's what we've come to expect from the fossil fuel industry.
TransCanada is bringing their lawsuit under NAFTA, otherwise known as the North American Free Trade Agreement. More specifically, they're using a complex and opaque process known as the investor-state dispute system, which allows corporations to bring lawsuits against countries that they feel are unfairly blocking the free flow of trade. TransCanada's accusation is that the Obama Administration rejected Keystone XL for purely symbolic reasons, rather than its impact on the climate, and therefore the company has been discriminated against.
The accusation would normally be absurd (you can't build an 800,000 barrel a day pipeline that would carry the dirtiest fuel on the planet without having a climate impact), except for the fact that during the State Department's review process for the pipeline they hired an industry contractor that botched the job and made some roundabout arguments that because tar sands development was "inevitable" therefore the pipeline didn't matter. Nearly all other independent analysts disagreed, as did the Environmental Protection Agency, and ultimately the White House. But the process created enough confusion that TransCanada may now actually have a case.
TransCanada's lawsuit is another important reminder of how terrible trade agreements like NAFTA can be for our environment, and the ability of local and national governments to keep fossil fuels in the ground. The timing is particularly ironic. At this very moment, the Obama Administration is pressuring Congress and other nations to sign off on a new NAFTA-like agreement, the Trans Pacific Partnership, which would give corporations even more power to bring forward cases like TransCanada's.
What would this mean in practice? Things like: if your province wanted to ban fracking, an oil company could file a lawsuit against you to say that you're unfairly blocking them from getting at the natural gas under your land. Or that if a country decided that it wanted to keep its oil in the soil rather than pollute the atmosphere, Exxon or Chevron could sue because they feel like they have the right to drill, baby, drill.
Ultimately, TransCanada's lawsuit won't do much to change the outcome of the fight against Keystone XL, we already won that battle. But it could help fuel new fights against trade agreements like the TPP, and it will certainly help galvanize more opposition to the fossil fuel industry. They say they have the right to mine, drill and burn at all costs? We say: keep it in the ground.
This country and this world are at a monumental crossroads. US voters have an opportunity to beat back the forces of fascism and confront the billionaires who are rigging the economy, our media system, and our democracy, making it increasingly impossible for ordinary people to get by. We’re not just talking about the election. We’re talking about what must be done once these fascist elements are vanquished from power. We need a bolder set of solutions than what either major party has so far been willing to offer and a working-class movement ready to fight like hell for it. Trump didn't emerge from nowhere. The conditions that fueled MAGA authoritarianism were created by decades of radical neoliberal economic policies and a corrupt political system dominated by corporate interests. They slashed taxes on the super-rich, promising that the benefits would trickle down. They said giveaways to the corporate titans would make life more affordable for the rest of us. It was all bullshit. And when a bitter, betrayed populace searches for someone to blame, right-wing demagogues have little trouble finding scapegoats. People know when they're being lied to, but you won't hear any of this from the corporate media. Only independent journalism—powered and funded by people who believe in building a better world—can deliver truly trustworthy daily news. If you share our vision, please contribute whatever you can to sustain our work. |
Talk about sore losers. The Canadian pipeline company TransCanada announced this afternoon that it is suing Obama Administration over its decision to reject the Keystone XL pipeline.
The lawsuit won't do anything to help get the pipeline built, it's too late for that. The only purpose is for TransCanada to get compensated for the billions of dollars it wasted on this boondoggle in the first place. It's a greedy and pathetic move, but I guess that's what we've come to expect from the fossil fuel industry.
TransCanada is bringing their lawsuit under NAFTA, otherwise known as the North American Free Trade Agreement. More specifically, they're using a complex and opaque process known as the investor-state dispute system, which allows corporations to bring lawsuits against countries that they feel are unfairly blocking the free flow of trade. TransCanada's accusation is that the Obama Administration rejected Keystone XL for purely symbolic reasons, rather than its impact on the climate, and therefore the company has been discriminated against.
The accusation would normally be absurd (you can't build an 800,000 barrel a day pipeline that would carry the dirtiest fuel on the planet without having a climate impact), except for the fact that during the State Department's review process for the pipeline they hired an industry contractor that botched the job and made some roundabout arguments that because tar sands development was "inevitable" therefore the pipeline didn't matter. Nearly all other independent analysts disagreed, as did the Environmental Protection Agency, and ultimately the White House. But the process created enough confusion that TransCanada may now actually have a case.
TransCanada's lawsuit is another important reminder of how terrible trade agreements like NAFTA can be for our environment, and the ability of local and national governments to keep fossil fuels in the ground. The timing is particularly ironic. At this very moment, the Obama Administration is pressuring Congress and other nations to sign off on a new NAFTA-like agreement, the Trans Pacific Partnership, which would give corporations even more power to bring forward cases like TransCanada's.
What would this mean in practice? Things like: if your province wanted to ban fracking, an oil company could file a lawsuit against you to say that you're unfairly blocking them from getting at the natural gas under your land. Or that if a country decided that it wanted to keep its oil in the soil rather than pollute the atmosphere, Exxon or Chevron could sue because they feel like they have the right to drill, baby, drill.
Ultimately, TransCanada's lawsuit won't do much to change the outcome of the fight against Keystone XL, we already won that battle. But it could help fuel new fights against trade agreements like the TPP, and it will certainly help galvanize more opposition to the fossil fuel industry. They say they have the right to mine, drill and burn at all costs? We say: keep it in the ground.
Talk about sore losers. The Canadian pipeline company TransCanada announced this afternoon that it is suing Obama Administration over its decision to reject the Keystone XL pipeline.
The lawsuit won't do anything to help get the pipeline built, it's too late for that. The only purpose is for TransCanada to get compensated for the billions of dollars it wasted on this boondoggle in the first place. It's a greedy and pathetic move, but I guess that's what we've come to expect from the fossil fuel industry.
TransCanada is bringing their lawsuit under NAFTA, otherwise known as the North American Free Trade Agreement. More specifically, they're using a complex and opaque process known as the investor-state dispute system, which allows corporations to bring lawsuits against countries that they feel are unfairly blocking the free flow of trade. TransCanada's accusation is that the Obama Administration rejected Keystone XL for purely symbolic reasons, rather than its impact on the climate, and therefore the company has been discriminated against.
The accusation would normally be absurd (you can't build an 800,000 barrel a day pipeline that would carry the dirtiest fuel on the planet without having a climate impact), except for the fact that during the State Department's review process for the pipeline they hired an industry contractor that botched the job and made some roundabout arguments that because tar sands development was "inevitable" therefore the pipeline didn't matter. Nearly all other independent analysts disagreed, as did the Environmental Protection Agency, and ultimately the White House. But the process created enough confusion that TransCanada may now actually have a case.
TransCanada's lawsuit is another important reminder of how terrible trade agreements like NAFTA can be for our environment, and the ability of local and national governments to keep fossil fuels in the ground. The timing is particularly ironic. At this very moment, the Obama Administration is pressuring Congress and other nations to sign off on a new NAFTA-like agreement, the Trans Pacific Partnership, which would give corporations even more power to bring forward cases like TransCanada's.
What would this mean in practice? Things like: if your province wanted to ban fracking, an oil company could file a lawsuit against you to say that you're unfairly blocking them from getting at the natural gas under your land. Or that if a country decided that it wanted to keep its oil in the soil rather than pollute the atmosphere, Exxon or Chevron could sue because they feel like they have the right to drill, baby, drill.
Ultimately, TransCanada's lawsuit won't do much to change the outcome of the fight against Keystone XL, we already won that battle. But it could help fuel new fights against trade agreements like the TPP, and it will certainly help galvanize more opposition to the fossil fuel industry. They say they have the right to mine, drill and burn at all costs? We say: keep it in the ground.