TransCanada Temporarily Suspends $15 Billion Dollar NAFTA Challenge

With an executive order in January, President Trump has resurrected hopes for what seemed to be a lost cause, the previously rejected TransCanada Keystone XL pipeline project.  Such hope has also led to TransCanada temporarily suspending its $15 billion-dollar North American Free Trade Agreement (NAFTA) challenge filed last year in response to the rejection.  Reasons given by Obama’s administration for rejecting the project have largely been tied to political topics such as climate change, gas prices and U.S interests.  Given those reasons, one may ask, what does NAFTA and trade have to do with it?

This article gives us a better understanding of the (previously) failed Keystone XL pipeline application in the context of TransCanada’s NAFTA challenge.