keystone pipeline: We can therefore thank Trans Canada for reminding us why the TPP needs to be scuttled, according to MSNBC. Trans Canada is the Canadian company that was trying to build the Keystone Pipeline to carry Canada polluting oil sands to U.S. refineries. The administration knows that TPP can't pass before the election because both Hillary Clinton and Donald Trump oppose it; therefore, they are hoping for a stealth Senate vote between the election and inauguration of the new president in 2017. It was a terrible idea, since the pipeline would have supported the development of one of the world high-carbon energy sources at exactly the time when the world needs to, and has agreed to, decarbonize the world energy system. In response, Trans Canada has now sued the U.S. government — and hence us as taxpayers — for $15 billion in damages. * Bernie Sanders scores big wins with Democratic platform* Trans Canada is using an arcane part of recent trade agreements called ISDS, standing for Investor-State Dispute Settlement. The Obama administration overcame an onslaught of lobbying to reject the pipeline on the grounds that it would undercut the fight against climate change.
(news.financializer.com). As
reported in the news.
Tagged under keystone pipeline, election inauguration topics.