TransCanada Corp.’s US$15-billion appeal of President Barack Obama’s rejection of the Keystone XL pipeline raises an important question: Who pays for social licence?
So far, the cost of accommodating the new political priority has been borne by private entities and their shareholders, who despite their efforts to accommodate and meet higher and costly regulatory requirements, are increasingly stuck with worthless or challenged energy projects.
On Wednesday, Calgary-based TransCanada became the first Canadian company to say ‘enough.’
It put in motion a pair of lawsuits – one under the North American Free Trade Agreement (NAFTA)…
Claudia Cattaneo -Financial Post – January 8, 2016.
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