This explainer sheds light on how Clive Palmer is using Investor-State Dispute Settlement provisions in trade agreements to claim up to $420 billion from the Australian government.
Trade deals can allow international corporations to trample over the rights of governments in the Global South. That is the message from the Colombian government, which describes the effect of such deals as a “bloodbath” for their national sovereignty.
The Energy Charter Treaty allow fossil fuel investors to sue EU member states before international arbitral tribunals to challenge climate mitigation measures. This legal mechanism is increasingly weaponized by the industry.
Experts talk about investor-state dispute settlements, which allow fossil fuel companies to bring multi-billion dollar lawsuits against countries that pass green policies.
Our ranking reveals that the Energy Charter Treaty remains the most dangerous investment treaty to the energy transition by protecting over 300 megatonnes (Mt) of greenhouse gas emissions.
Les parties contractantes restantes devraient approuver la nouvelle mouture du traité lors de la Conférence de la Charte de l’énergie, qui aura lieu le 3 décembre 2024.
Investor-state dispute settlement (ISDS) courts are a legal mechanism that allow corporations to sue governments for decisions which they claim impact their profits — including environmental protections.
The urgent need to address climate change is hindered by legal barriers within international investment law, particularly through Investor-State Dispute Settlement (ISDS) mechanisms.