Transcanada Foreign Petroleum Company has filed a lawsuit against the US government according to NAFTA rules, seeking compensation of $ 15 billion for the refusal of the keystone XL pipeline project.
Speaking that in a simple language, a foreign corporation is suing the US government for $ 15 billion (tax) because the US government has acted for the best benefit of the United States and citizens, on behalf of For the benefit of foreign corporations. The North American Free Trade Agreement (NAFTA) allows such lawsuits (meaning to protect foreign investors of Muslims) to be tried in private courts. Including 3 lawyers – those who are not responsible for any domestic legal system. In other words, those who are not responsible for the US law.
The lawsuit (submitted on June 24) accused that the United States rejecting the keystone XL pipeline violated NAFTA's vast rights to foreign investors by obstructing the company's expectations. .
Transcanada argued in its records that the United States spent 7 years delaying the final decision on the project with repetitive analysis as well as arbitrary and appropriated analysis. Continuing application: none of them analyzes techniques or legal controversy is a document for the final decision of the government. Instead, the refusal is symbolic and only based on the desire to make the United States appear strongly about climate change, although the Ministry of Foreign Affairs has concluded that the refusal will not have a significant impact on environment.
The lawsuit, and the opaque referee process, acting as a typical example of why some people are very vigilant with the next trade agreements along NAFTA lines, For example, the trans -Pacific partnership is proposed. The proposed TPP agreement allows the same private arbitration processes for corporations.
EQUAL Bloomberg The notes within the scope of their insurance, Transcanada's claims can recreate rivals of the trans -Pacific partnership that is proposed and makes the support of that 12 -country trade agreement back. should be more difficult to be approved by the National Assembly. Like NAFTA, the Trans -Pacific Partnership includes investors' dispute settlement terms that allows foreign companies to challenge domestic law before international arbitration councils.
That means putting many corporations into a position to challenge domestic laws related to environmental protection, labor protection and pollution control, among other things – all out of the eye. public and consciousness.
Ecowatch Providing some information about TPP (which Obama was quoted that he was a confident person, he could gain approval when speaking in Germany in April): TPP will empower thousands of new companies. Operating in the United States, including those who cause great pollution, to follow Transcanada's footsteps and weaken our important climate protection measures in private trade courts. Nowadays, we have a typical example of how frustrated trade agreements with polluters threaten our efforts to solve the climate crisis, highlighting the need for one. The new commercial model supports instead of weakening the action of the climate.