US President Barack Obama has stopped a Chinese-owned company from investing in wind farm projects on land it had acquired in Oregon.
Obama issued a presidential order, asking Ralls Corp to clear equipment of the sites, which are located near a naval facility, within 14 days and to sell the land within three months.
“There is credible evidence that leads me to believe that Ralls Corporation (Ralls), a corporation organized under the laws of Delaware, and its subsidiaries, [...] might take action that threatens to impair the national security of the United States; and provisions of law, other than section 721 and the International Emergency Economic Powers Act [...] do not, in my judgment, provide adequate and appropriate authority for me to protect the national security in this matter,” said the order issued on Friday.
Ralls is planning to sue the president, saying he violated the constitutional proitection granted to property owners.
"The selective and arbitrary singling out of Ralls' project drives our effort to seek redress in US courts.
"[...] We are confident that the courts will vindicate Ralls's rights under the law and the constitution and we intend to pursue the remedies that the law makes available," it said in a statement.
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