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TransCanada sues US over Keystone XL pipeline rejection

TransCanada Corp sued the US government on Wednesday to reverse President Barack Obama’s rejection of the Keystone XL pipeline, and also plans to seek $15-billion in damages from a trade tribunal. TranCanada’s lawsuit in a federal court in Houston, Texas, called rejection of its permit to build the pipeline unconstitutional. In a separate action under the North American Free Trade Agreement (NAFTA), the company said the pipeline permit denial was “arbitrary and unjustified.”