Signing international investment treaties, in the hope of attracting foreign investments, has been a central strategy for governments looking to improve economic development. The less known side of this story is that by signing investment treaties, governments are giving away the sovereign right to regulate in the interest of people and the environment. They also expose themselves to the risk of spending millions in law suits that could have been used to serve public needs. It’s time that the dark side of investment is put under the spotlight.
Mining in India has been significant in contributing to the 45 million people displaced thanks to "development" projects, yet the industry is still not being made to compensate communities for the loss of livelihoods, homes and environmental health.