ISDS Abused

26 Jul 2021

The Guardian reports:

Italy could be forced to pay millions of pounds in damages to a UK oil company after banning new drilling near its coast.

The case has sparked outrage at the secretive international tribunals at which fossil fuel companies can sue governments for passing laws to protect the environment – amid fears that such cases are slowing down action on the climate crisis.

This is outrageous but expected. The ISDS is being used to let the fossil industry continue unabated. It never belonged in healthy countries with well established institutions and rule of law.