TransCanada Fights Keystone Denial With $15-Billion Trade Appeal

January 7, 2016 2:21 AM

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TransCanada Corp. opened one of the largest trade appeals ever brought against the U.S., seeking to recoup $15 billion tied to the Obama Administration’s rejection of the Keystone XL oil pipeline.

The Canadian company intends to start a claim for costs and damages under the North American Free Trade Agreement against the U.S. after President Barack Obama’s rejection of the $8 billion project in November, according to filings Wednesday. The pipeline builder also sued the U.S. government, argui...

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