TransCanada's Challenge To Keystone Denial A Long Shot

Law360, New York (January 7, 2016, 11:26 PM EST) -- TransCanada's two-front attack on the Obama administration's rejection of its controversial Keystone XL pipeline is novel, but it will be difficult for it to convince the federal courts to rule that the president had overstepped his authority or get international arbitrators to award it the billions of dollars it's seeking in damages, experts say.

TransCanada Corp.'s lawsuit filed in Texas federal court Wednesday claims President Barack Obama had no authority to unilaterally deny in November a cross-border presidential permit for the Keystone pipeline, a project that the U.S. Department of State concluded wouldn't significantly raise greenhouse gas emissions globally and that...

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