Governments which enact climate legislation risk being sued for trillions of dollars by fossil fuel companies seeking compensation for lost revenue and stranded assets.
Au fur et à mesure que les pays diminuent la part des énergies fossiles, les géants du pétrole ou du charbon ont recours à des tribunaux d’arbitrage qui leur permettent de poursuivre les Etats.
In a significant step forward in the campaign against Investor-State Dispute Settlements (ISDS), Australia has announced its withdrawal from its signatory status to the Energy Charter Treaty.
Allowing oil, mining, and gas companies to continue to file expensive lawsuits over environmental regulations could undermine whatever agreements might be reached in the COP26 in Glasgow.
Une nouvelle publication révèle que cinq entreprises de l’énergie poursuivent des États pour leur politique climatique en leur réclamant 18 milliards de dollars de compensation.
Rules accepted under various trade and investment agreements often benefit destructive, extractive industries to the detriment of national and international climate goals and ambitions.