glynmoody, 6 days ago to random

Secretive court system has awarded over $100bn public money to corporations, finds new analysis - https://www.theguardian.com/environment/article/2024/jun/06/investors-awarded-billions-of-dollars-for-losses-related-to-climate-laws-analysis-finds well, we did warn them about #isds 10 years ago, maybe they should have listened

BigAngBlack, 7 days ago (edited 3 days ago) to climate

Secretive court system has awarded over $100bn public money to corporations, finds new analysis | #ClimateCrisis | The Guardian

https://www.theguardian.com/environment/article/2024/jun/06/investors-awarded-billions-of-dollars-for-losses-related-to-climate-laws-analysis-finds

> #FossilFuel firms are biggest beneficiaries of investor-state dispute settlement courts which have awarded $114bn of public money

#ISDS

glynmoody, 30 days ago to random

Fossil fuel firms forcing countries to compensate them, Mary Robinson says - https://www.theguardian.com/environment/article/2024/may/14/fossil-fuel-investment-treaties-lobbying-climate-mary-robinson-ban-ki-moon-ect we warned this would be a problem...back in 2013. maybe people should have listened #isds

CelloMomOnCars, 3 months ago to uk

"The #UK is pulling out of a treaty that lets fossil fuel firms sue governments over their #climate policies.

The [#EnergyCharterTreaty] allows fossil fuel investors to sue states for lost profit expectations in an opaque corporate arbitration system set up to protect fossil fuel investors in the former Soviet economies in the 1990s."

#ECT
https://www.theguardian.com/environment/2024/feb/22/uk-quits-treaty-that-lets-fossil-fuel-firms-sue-governments-over-climate-policies