Published on October 28, 2011 | by LawNews
Prof. Daniel Greenwood Comments on TransCanada’s Oil Spill Bond
By Elizabeth McGowan
Inside Climate News
October 28, 2011
TransCanada’s warning to the Nebraska legislature that such a law would be illegal is a classic case of crisis response by a major corporation, said Daniel J.H. Greenwood, a law professor at Hofstra University, so it’s understandable that lawmakers are on edge about relocating the Keystone XL.
It’s not all that difficult to intimidate or overrun a “taxaphobic” legislature with just the threat of a lawsuit, said Greenwood, who is not involved in Nebraska’s debate over the pipeline.
“Even if this is a fight worth fighting,” he said, politicians are reluctant to engage in a lawsuit that could be so expensive that it might force them to raise taxes. “That’s why fear is a terrible thing.”
Read the full article at insideclimatenews.org.