TransCanada suspends $15 billion NAFTA lawsuit over Keystone XL pipeline

‘With a friendlier president in office, TransCanada has temporarily suspended its lawsuit that challenged the Obama administration’s rejection of the Keystone XL pipeline under the provisions of the North American Free Trade Agreement.
On Monday, the company formally suspended its legal challenge that sought $15 billion in damages and costs it incurred from the Obama administration’s November 2015 decision to block a section of the Keystone XL pipeline. The suspension is in effect until at least March 27.
Last month, upon taking office, President Donald Trump reversed the federal government’s position on the pipeline, intended to transport crude tar sands oil through the US, from the Canadian province of Alberta to the Gulf of Mexico for international shipping.’
Read more: TransCanada suspends $15 billion NAFTA lawsuit over Keystone XL pipeline