White House says confident acted lawfully in Keystone pipeline rejection
Tweet
Share
E-mail
A depot used to store pipes for Transcanada Corp's planned Keystone XL oil pipeline is seen in Gascoyne, North Dakota November 14, 2014. REUTERS/Andrew Cullen
WASHINGTON (Reuters) - The White House said on Thursday that it is confident that President Barack Obama and his administration acted lawfully when rejecting TransCanada Corp's Keystone XL crude oil pipeline from Canada.
TransCanada launched a lawsuit against the U.S. government on Wednesday and said it plans to seek $15 billion in damages from a tribunal under the North American Free Trade Agreement.
White House spokesman Josh Earnest said he was limited in what he could say about the pending litigation, but the decision was consistent with U.S. obligations to NAFTA. He noted the United States has never lost a NAFTA investor lawsuit.
(Reporting by Roberta Rampton and Doina Chiacu; Editing by David Alexander)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Saudi Aramco offers more oil outside Strait of Hormuz - report
- French security chief sees new threats after Leipzig drone attack
- HP's decline in PC shipments overshadows strong results; shares fall
Create E-mail Alert Related Categories
ReutersRelated Entities
Crude Oil, Barack ObamaSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
