nuclear-news

Transatlantic Trade and Investment Partnership would alloww corporations to sue governments

Energy market madness is the death spasm of the oil age – renewables now! Ecologist  Nafeez Ahmed 4th February 2015 “……..the widely criticized TTIP proposal – the Transatlantic Trade and Investment Partnership – as being a positive force for economies and the renewable energy sector.

The fundamental problem with TTIP, a so-called free trade agreement being negotiated in secret by US and European governments, is that by aiming to reduce regulatory barriers to trade for big business, the agreement aims to fundamentally erode the power of elected governments to enact legislation on food safety, environmental protection, banking and finance, that would in some way undermine corporations from rampaging across the US and EU without concern for people or planet.

One of the most obvious counter-democratic components of TTIP is its aim to introduceInvestor-State Dispute Settlements (ISDS), which would effectively allow corporations to sue governments if their policies cause a loss of profits.http://www.theecologist.org/News/news_analysis/2741146/energy_market_madness_is_the_death_spasm_of_the_oil_age_renewables_now.html

February 7, 2015 - Posted by Christina Macpherson | 2 WORLD, Legal, politics international