Pacific Trade Deal Foes Say Keystone Case Shows Pact's Risk
- TransCanada's claim under Nafta seeks $15 billion from U.S.
- Trans-Pacific Partnership allows similar dispute process
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A legal dispute over the Keystone XL oil pipeline is giving opponents of a Pacific trade agreement a fresh argument in their effort to get Congress to kill the pact.
They say the case announced Wednesday, in which TransCanada Corp. is seeking arbitration to recover $15 billion tied to the Obama administration’s rejection of Keystone, shows how foreign companies could use provisions of the proposed Trans-Pacific Partnership trade agreement to challenge U.S. policy on the environment and other matters.