One big, expensive, avoidable reason why governments won’t take action on climate change: The ISDS mechanism in trade deals allows foreign companies and
investors to sue countries over policies and regulations that hinder
their future profits – including moves to restrict fossil fuel use
under the Paris climate agreement.

Hamstrung by trade agreements such as The Energy Charter, NAFTA and
CUSMA, and bilateral investment treaties, European, North American, and
South American governments are being hit with ISDS lawsuits which, as The Guardian columnist George Monbiot argues, make “effective action against climate breakdown almost impossible.”

Monbiot nailed it when he wrote on Aug. 19, “government lawyers
should be all over this issue, looking for a way out. Otherwise, future
corporate profits remain officially more important than life on Earth.”

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One big, expensive, avoidable reason why governments won’t take action on climate change: The ISDS mechanism in trade deals allows foreign companies and
investors to sue countries over policies and regulations that hinder
their future profits – including moves to restrict fossil fuel use
under the Paris climate agreement.Hamstrung by trade agreements such as The Energy Charter, NAFTA and
CUSMA, and bilateral investment treaties, European, North American, and
South American governments are being hit with ISDS lawsuits which, as The Guardian columnist George Monbiot argues, make “effective action against climate breakdown almost impossible.”Monbiot nailed it when he wrote on Aug. 19, “government lawyers
should be all over this issue, looking for a way out. Otherwise, future
corporate profits remain officially more important than life on Earth.”Click here to comment on the article.Read More