[CTC] TransCanada Drops Keystone XL Lawsuit One Hour After Trump Approves Pipeline Project

[Arthur Stamoulis]

Begin forwarded message:

From: Anthony Torres <anthony.torres at sierraclub.org>
Subject: TransCanada Drops Keystone XL Lawsuit One Hour After Trump Approves Pipeline Project
Date: March 24, 2017 at 12:15:22 PM EDT
Reply-To: Anthony Torres <anthony.torres at sierraclub.org>

Hi all,

TransCanada just dropped its $15 billion NAFTA ISDS suit only after receiving final federal approval for their pipeline, this demonstrates just how dangerous our corporate trade system is to democratic governance.

Please see our press release below and retweet here: https://twitter.com/SierraClub/status/845302442631811073 <https://twitter.com/SierraClub/status/845302442631811073>

Best,
Anthony


FOR IMMEDIATE RELEASE:
Friday, March 24, 2017
Contact: 
Jonathon Berman (202) 495-3033 <tel:(202)%20495-3033> or jonathon.berman at sierraclub.org <mailto:your.name at sierraclub.org>
Cindy Carr (202) 495-3034 <tel:(202)%20495-3034> or cindy.carr at sierraclub.org <mailto:your.name at sierraclub.org>
 
View as webpage <http://content.sierraclub.org/press-releases/2017/03/transcanada-drops-keystone-xl-nafta-lawsuit-one-hour-after-trump-approves>
TransCanada Drops Keystone XL NAFTA Lawsuit One Hour After Trump Approves Pipeline Project

WASHINGTON, D.C. -- This morning, Donald Trump reversed <http://content.sierraclub.org/press-releases/2017/03/donald-trump-reverses-obama-s-correct-decision-keystone-xl-pipeline> the Obama Administration’s rejection of the Keystone XL tar sands pipeline, and within the hour, TransCanada, the company behind the massive pipeline project, announced it will drop its $15 billion North American Free Trade Agreement (NAFTA) complaint against the U.S. over the project’s rejection. According to reports, TransCanada's threat to continue the NAFTA suit contributed to the White House decision to renege on Trump's promise that the pipeline would be made with U.S. steel. NAFTA allows multinational corporations like TransCanada to sue governments in tribunals of corporate lawyers, and to use such suits as leverage to extract policy changes. TransCanada President and CEO Russ Girling spoke at a press conference <http://time.com/4712169/trump-keystone-pipeline-livestream/> with Trump this morning.

In response, Sierra Club's Responsible Trade Program Director Ilana Solomon released the following statement:
"For all his bluster, the Keystone XL boondoggle exposes Donald Trump for the failed businessman that he is. TransCanada dropped this NAFTA lawsuit only after Donald Trump caved on his demand <https://twitter.com/BraddJaffy/status/844355614260318208> that Keystone XL will be built with American steel. This is a crystal clear example of why corporate polluters back these anti-worker, anti-environment trade deals and offers further evidence that Donald Trump is losing on deal after deal. 
“Keystone XL is far from a done deal, but that hasn’t stopped Big Oil from doing what corporate polluters and massive multinationals have done time and again: use provisions in trade deals to bully governments for the sake of their bottom line at the expense of communities and the environment. Donald Trump has always put corporations before people, and this case is no different.”

###

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