This public event will highlight the risks that provisions negotiated as part of trade agreements – such as ISDS – can pose for governments’ ability to regulate to protect the environment and act on climate change.
Seattle to Brussels Network (S2B), Cecilia Olivet, Marc Maes, Pia Eberhardt, Natacha Cingotti, Ante Wessels, Burghard Ilge, Peter Fuchs
27 November 2015
The European Commission unveiled a draft text for a chapter on investment protection and investor to state dispute settlement – now called the Investment Court System - to be included in the Transatlantic Trade and Investment Partnership (TTIP) with the US. This new system would replace the existing investor-to-state dispute settlement (ISDS) mechanism not only in TTIP but also in all ongoing and future EU investment negotiations.
Climate change action demands moving to an energy system based on renewables and leaving fossil fuels in the ground. International investment agreements, and particularly ISDS, stand in the way of energy transition. They limit the ability of governments to set the terms of their energy policy, including the support of renewable energy. Investment agreements such as the Transatlantic Trade and Investment Partnership (TTIP) and the Comprehensive Economic and Trade Agreement (CETA) will further empower corporations to challenge strong government action on climate change
518 organizations from MATA Myanmar Alliance on Transparency and Accountability and 53 organizations from Lands in Our Hand network and various other civil society organizations express their concerns about investment protection in the EU-Myanmar Agreement.
Demands for tax justice have resounded worldwide, with growing anger at the tax practices of corporations such as Google and Starbucks. Yet trade and investment agreements are already constraining the ability of governments to impose fair tax deals and with the Transatlantic Trade and Investment Partnership (TTIP) this could become worse.
MintPress News - 'The ability to enact effective and fair tax systems to finance vital public services is one of the defining features of sovereignty,' says Global Justice Now—one that is threatened by corporate trade deals.
Sputnik - Any potential ratification of the controversial TTIP trade deal would play into the hands of large multinational corporations and threaten the ability of EU member states to crack down on tax evasion, new research has claimed.
Public Finance International - A new trade agreement proposed between the United States and the European Union could allow corporations to effectively sue governments who try to collect tax on their profits, campaigners have warned.
Countries around the world have reached a critical moment in the fight against climate change. Last year, hundreds of thousands of people marched in the streets demanding climate action, more than 190 countries reached a climate agreement in Paris, and renewable energy became more affordable and accessible to communities across the globe. Meanwhile, in sharp contradiction to that, countries negotiated new trade deals that would empower fossil fuel corporations to undermine the exact climate and conservation policies that are needed to tackle the climate crisis.
Cecilia Olivet, Natacha Cingotti, Pia Eberhardt, Nelly Grotefendt, Scott Sinclair
19 April 2016
The European Commission says that its new investment proposal –the Investment Court System - will protect governments' abilities to regulate on crucial matters such as public health and environmental protection. But analysis of five of the most controversial arbitration cases in recent years shows they could still be launched under the current proposal.