{"id":75944,"date":"2016-07-04T12:00:43","date_gmt":"2016-07-04T11:00:43","guid":{"rendered":"https:\/\/www.transcend.org\/tms\/?p=75944"},"modified":"2016-07-02T18:20:37","modified_gmt":"2016-07-02T17:20:37","slug":"transcanadas-latest-move-perfectly-illustrates-why-so-many-people-hate-free-trade-deals","status":"publish","type":"post","link":"https:\/\/www.transcend.org\/tms\/2016\/07\/transcanadas-latest-move-perfectly-illustrates-why-so-many-people-hate-free-trade-deals\/","title":{"rendered":"Transcanada\u2019s Latest Move Perfectly Illustrates Why So Many People Hate Free-Trade Deals"},"content":{"rendered":"

27 Jun 2016 – <\/em>TransCanada is demanding<\/a> that the U.S. fork over $15 billion to make up for the fact that the company didn\u2019t get to build the Keystone XL pipeline. That\u2019s one damned expensive temper tantrum.<\/p>\n

\"Ceci<\/a>

Ceci n’est pas une pipeline. REUTERS\/Andrew Cullen<\/p><\/div>\n

On Friday [24 Jun], TransCanada filed a formal request under NAFTA seeking to recover costs and damages related to the thwarted pipeline project, following through on a threat<\/a> it made in January. The Canadian firm claims that the Obama administration\u2019s decision to reject the pipeline was unjustified and violated the U.S.\u2019s obligations under NAFTA. \u201c[T]he rejection was symbolic and based merely on the desire to make the U.S. appear strong on climate change,\u201d TransCanada complained in its filing.<\/p>\n

Climate activists and other environmentalists say this is a perfect example of why they oppose many trade deals, like the Trans-Pacific Partnership (TPP), which Obama is currently trying to get approved. \u201cThe TPP would empower thousands of new firms operating in the U.S, including major polluters, to follow in TransCanada\u2019s footsteps and undermine our critical climate safeguards in private trade tribunals,\u201d said Michael Brune, executive director of the Sierra Club.<\/p>\n

The State Department argues that the Keystone rejection was consistent with NAFTA requirements, but some trade experts say there\u2019s a real chance TransCanada could win its case.<\/p>\n

Go to Original \u2013 grist.org<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

27 Jun 2016 – TransCanada is demanding that the U.S. fork over $15 billion to make up for the fact that the company didn\u2019t get to build the Keystone XL pipeline. That\u2019s one damned expensive temper tantrum.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[169],"tags":[],"class_list":["post-75944","post","type-post","status-publish","format-standard","hentry","category-trade"],"_links":{"self":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/75944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/comments?post=75944"}],"version-history":[{"count":0,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/75944\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media?parent=75944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/categories?post=75944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/tags?post=75944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}