Faculty

Prof. Daniel Greenwood Comments on TransCanada’s Oil Spill Bond

TransCanada’s $100M Oil Spill Bond: True Value Debated as Neb. Pipeline Session Nears

By Elizabeth McGowan

Inside Climate News

October 28, 2011

 

EXCERPT:

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.

Latest Tweets

  • Thanks for being on the panel! #HofstraLaw https://t.co/iJ4TTJXOhY
    about 8 hours ago
  • Thank you for participating in the event! #HofstraLaw https://t.co/x85DNq7GQn
    about 8 hours ago
  • Yesterday, more than 25 law students from the Veterans Legal Assistance Project (VLAP) volunteered at our one-day V… https://t.co/ywuPKxqQQg
    about 3 days ago
  • Article by Prof. Norman Silber and Alumnus Steven Stites ’13 Published in Virginia Law & Business Review https://t.co/NHY1aBK2jY
    about 3 days ago
  • Thanks for attending! https://t.co/E8SlaUtkwY
    about 6 days ago
  • Thank you for your continued support of the Law School! https://t.co/Jgi5kEF0QS
    about 6 days ago

Archives