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GREEN NEW DEAL = BLIZZARD OF LIES

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(edited)

Biden & Co. face an uphill battle in court for this compensation case. Precedents are against the ill-considered cancellation, which has placed oil transport into trucks instead of  pipelines. Pipelines are safer.

https://www.bloomberg.com/news/articles/2021-11-22/keystone-developers-seek-15-billion-from-u-s-for-cancellation

"Such investor-state dispute settlement claims by corporations against the U.S. are relatively rare, and the U.S. has a good track record in winning them. However, companies have emerged victorious in similar international disputes. Most notably, in March, Germany agreed to pay $2.9 billion to Sweden’s Vattenfall AB and other utilities, as part of a compensation package resolving a decade-long battle over the country’s decision to phase out nuclear power. 

Biden’s decision to rescind a presidential permit his first day in office -- without another round of government analysis on the long-studied project -- gives TC Energy an “extremely strong case” under Nafta language barring arbitrary discrimination, said Gary Hufbauer, a Washington-based senior fellow at the Peterson Institute for International Economics. 

“TC has a great legal case going in,” Hufbauer said. “This was well out of the norm of customary government behavior.”"

Edited by Ecocharger

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43 minutes ago, Ecocharger said:

Biden & Co. face an uphill battle in court for this compensation case. Precedents are against the ill-considered cancellation, which has placed oil transport into trucks instead of  pipelines. Pipelines are safer.

https://www.bloomberg.com/news/articles/2021-11-22/keystone-developers-seek-15-billion-from-u-s-for-cancellation

"Such investor-state dispute settlement claims by corporations against the U.S. are relatively rare, and the U.S. has a good track record in winning them. However, companies have emerged victorious in similar international disputes. Most notably, in March, Germany agreed to pay $2.9 billion to Sweden’s Vattenfall AB and other utilities, as part of a compensation package resolving a decade-long battle over the country’s decision to phase out nuclear power. 

Biden’s decision to rescind a presidential permit his first day in office -- without another round of government analysis on the long-studied project -- gives TC Energy an “extremely strong case” under Nafta language barring arbitrary discrimination, said Gary Hufbauer, a Washington-based senior fellow at the Peterson Institute for International Economics. 

“TC has a great legal case going in,” Hufbauer said. “This was well out of the norm of customary government behavior.”"

as a NAFTA dispute???? what a joke. There is nothing in NAFTA that concerns pipelines. NAFTA does not give anyone the right to build pipelines in the US. Read the treaty first before posting. No one is stopping  TC Energy from importing crude oil into the US, they can rail in all the crude they want.  Did you get your law degree from Trump U? PS the filing is just a repeat of the TC Energy filing of a ISDS dispute under NAFTA in  January 2016 which went nowhere.

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(edited)

More oil wars ahead,

https://oilprice.com/Energy/Energy-General/Oil-Prices-Collapse-To-69-On-New-COVID-Fears.html

"OPEC+, led in large part by Saudi Arabia, will meet next week to discuss the plan for production. If they do indeed change their plans as rumors have suggested—whether it is because of anticipated demand drop off courtesy of the latest covid wave or whether it is in response to Biden’s coordinated release of crude from the SPR along with other nations—it will be seen by the market as retaliatory. 

But there is little doubt that a 10% dip in the price of Brent will prompt OPEC+ to at least pause the production increases or even cut production. And why not also relish in the opportunity the market has just handed OPEC+ to simultaneously stick it to President Biden."

Edited by Ecocharger

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(edited)

On 11/24/2021 at 10:41 AM, notsonice said:

as a NAFTA dispute???? what a joke. There is nothing in NAFTA that concerns pipelines. NAFTA does not give anyone the right to build pipelines in the US. Read the treaty first before posting. No one is stopping  TC Energy from importing crude oil into the US, they can rail in all the crude they want.  Did you get your law degree from Trump U? PS the filing is just a repeat of the TC Energy filing of a ISDS dispute under NAFTA in  January 2016 which went nowhere.

It looks like Biden & Co. will lose this one. Check the precedent detailed in the article.

“TC has a great legal case going in,” Hufbauer said. “This was well out of the norm of customary government behavior.”"

Edited by Ecocharger

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