Tornado Alley (PROG)

[sideeki]

Still unconvinced about the TPP? Unsure that NAFTA was awful? This just happened.

By flitedocnm
Wednesday Jan 06, 2016 ? 6:55 PM EST


Keystone pipeline company files NAFTA lawsuit


The company behind the Keystone XL pipeline has filed a legal challenge to its rejection, contending that President Barack Obama violated the North American Free Trade Agreement in killing the project…

In its challenge under NAFTA, TransCanada seeks monetary damages that could number in the billions for what it alleges is an "arbitrary" rejection by the White House, that was made more for symbolic value to bolster Obama's fight against climate change.

Got that? Monetary damages could be “in the billions”.

Investor State Attacks like this are a fundamental part of the Investor-State Dispute Settlement (ISDS) provisions of trade agreements like NAFTA and the Trans-Pacific Partnership (TPP). If anything, the TPP gives even more power to corporations to sue for loss of projected future earnings for things like limitations imposed by environmental concerns.

more at http://www.dailykos.com/stories/2016/1/6/1466770/-Still-unconvinced-about-the-TPP-Unsure-that-NAFTA-was-awful-This-just-happened