TransCanada's Power To Seize Land For Keystone XL Upheld

Law360, Houston (November 29, 2012, 7:38 PM EST) -- A Texas appeals court on Thursday denied a bid by a group of landowners to overturn a lower court’s ruling that TransCanada Corp. could initiate legal proceedings to seize private property to accommodate a segment of its 1,700-mile Keystone XL Pipeline.

The Ninth Court of Appeals held that the oil and gas giant qualified as a “common carrier” under state law and could bring condemnation proceedings to take control of land owned by Rhinoceros Ventures Group Inc., rejecting the landowners’ argument that the status could only...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.