ISDS Case Map
climate
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.
Treaty allows energy corporations to sue governments for billions over policies that could hurt their profits.
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.
Coal plant owners are using this little-known mechanism to try and recoup billions from governments who are forcing them to shut down polluting plants
Courts allow big polluters to sue governments into “a state of climate paralysis”, campaigners say.
Rules accepted under various trade and investment agreements often benefit destructive, extractive industries to the detriment of national and international climate goals and ambitions.
The document says it can be very difficult to trade with some countries that do not necessarily support saving the environment but the government says ministers are not considering the advice.
Australia pressured the UK not to include binding clauses on the Paris Agreement.
Environmental organisations have hailed a court decision that could mean the end of a little-known legal mechanism that poses a massive threat to climate action.
Vice President Harris announced in Vietnam today that Vietnam has agreed to cut its import duties on corn, wheat and pork products.
