From the Lincoln Journal Star:
TransCanada has filed a lawsuit and a $15 billion NAFTA claim seeking to recover costs and damages in response to President Barack Obama’s rejection of a permit for its Keystone XL pipeline.
The lawsuit was filed Wednesday in federal court in Houston and says Obama’s November decision to deny a cross-border permit for the $8 billion pipeline violated his power under the Constitution.
The Calgary, Alberta-based company spent $3.1 billion trying to bring the project to fruition. The $15 billion figure takes into account what it says is the lost value of its investments and its lost economic return.