ISDS courts operating secretly and controversially have awarded billions to fossil fuel companies.
ISDS Courts Funnel Billions to Fossil Fuel Companies
Investor-state dispute settlement (ISDS) courts known for their secrecy and controversy have been quietly awarding billions in public funds to fossil fuel companies. These courts operate behind closed doors, keeping many judgments confidential. Fossil fuel giants benefit most claiming government actions hurt their profits.
A coalition of organizations has launched a tracker to expose these secretive practices. It documents how ISDS courts channel public money to corporate interests. Director Tom Wills of the Trade Justice Movement confirms the data shows ISDS is a powerful weapon for fossil fuel companies against climate laws, according to the report of The Cool Down.
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(photo: EPSU)
EU Withdrawals and the Challenge for Climate Action
Following several EU countries withdrawing from the energy charter treaty, concerns mount over its impact on climate action. A UN report underscores how these treaties have long hindered nations from enacting vital climate policies. Fabian Flues from PowerShift highlights the unfairness: developing nations suffer while corporations from the West profit. Calls are growing for countries to exit these treaties to pursue fairer and more sustainable futures.
ISDS courts, known for their secrecy, have been quietly giving billions to fossil fuel firms, claiming government actions hurt profits. A coalition is tracking these payouts, revealing ISDS as a tool against climate laws. EU exits from treaties that hinder climate action highlight the need for fairer global policies.
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