The 26th Session of the United Nations Human Rights Council (UNHRC) opened in Geneva on June 10th. A major focus on the UNHRC agenda is the issue of binding regulations for Transnational Corporations (TNCs). This demand has been raised by Ecuador and 84 other governments in a Statement to the UNHRC last September 2013.
Davos, perhaps more than any other gathering, epitomises the way political power and global governance have in recent decades been entrenched into a small corporate elite. This elite have succeeded not only in capturing our economy, but also our politics, and increasingly our culture and society too.
Civil society organisations are writing to express deep concerns about the lack of transparency around the ongoing trade talks on a Transatlantic Trade and Investment Partnership (TTIP). They call on The European Commission to open the negotiation process to the public, by releasing the negotiating mandate, documents submitted by the EU, and negotiating texts.
As invitation-only Davos gets under way, our public space and politics shrink that little bit more across the globe. Rolling back state authority will turn today’s accountability gap into a yawning abyss.
Transnational corporations, particularly gas & oil industry, and banking have continued to benefit extraordinarily from the ongoing economic and financial crisis, says Brid Brennan, who presents TNI's State of Power Report 2014 at the Public Eye Awards in Davos.
In its third annual ‘State of Power’ report, TNI uses vibrant infographics and penetrating essays to expose and analyse the principal power-brokers that have caused financial, economic, social and ecological crises worldwide.
The International Call is out for a new regulatory regime that will end the impunity of Transnational Corporations (TNCs). This includes the demand for a World Court that will judge and sanction economic, political and ecological corporate crimes and ensure justice for affected communities and sectors.