Energy Charter Treaty -> Your Part In Its Downfall
Ricci Downard
In Our Generation We Can Eradicate Extreme Poverty and Unfair Trade. Campaigner for global justice.
On 21 May Global Justice Macclesfield is planning to protest against the Energy Charter Treaty.?You may never have heard of it but the energy Charter Treaty is:-
Here is a briefing on the Energy Charter Treaty …?
There’s a thing called Corporate Courts, which are quite pernicious.?Corporate Courts enable the largest & richest companies to sue individual countries.?They’ve been used a lot by mining companies, tobacco companies & energy companies.?A typical example would be the European fossil fuel based energy company, Uniper.?They are suing the Netherlands for having a green policy of phasing out fossil fuels.?Usually the company says that the national Government’s policy will reduce their profits, & they seek an enormous payout to compensate - sometimes running to billions of $/￡/Euro. ?
?In this way big companies are holding back progress on tackling climate change.?The UK (London really) is a bit of a hub for specialists in finance & international law - so we’re facilitating quite a lot of this. ?
?the UK is a signatory to the Energy Charter Treaty, which enshrines the right of companies to set up Corporate Courts.?Global Justice Macc is calling for the UK Government to exit the energy Charter Treaty & ban corporate Courts.
?For me the most worrying recent bit of news comes from last November’s climate summit in Glasgow : COP26.?Denmark & New Zealand both admitted they had made smaller commitments to tackle climate change than they really wanted to - & the reason is that they are worried about being sued by fossil fuel companies through Corporate Courts.
Read more:
https://www.globaljustice.org.uk/resource/corporate-courts-vs-the-climate-briefing/
In Our Generation We Can Eradicate Extreme Poverty and Unfair Trade. Campaigner for global justice.
2 年RECENT SUCCESS.?People often wonder whether campaigns of this nature ever have any effect.?Well, to show that they do, here is a direct quote from the latest text of the UK/Canada Trade?Deal: Department for International Trade,?UK-Canada free trade agreement: the UK’s strategic approach, p23: “Ensure the agreement does not contain an investor state dispute mechanism (ISDS).” “ISDS” is the formal name for Corporate Courts.?This is an amazing turnaround from a year ago.?It is testimony to the power of all who blogged, tweets, gabbed with each other & wrote to parliamentarians about the pernicious nature of Corporate Courts.?Thank you.?Now to try the same trick with the Energy Charter Treaty