Newswire Editor is a Common Dreams staff position.
A new report released today, Trading Away Our Climate: How Corporations Use Trade and Investment Agreements to Undermine Action on Climate Change, highlights how fossil fuel companies worldwide threaten climate progress through outdated trade agreements that favor corporate interests over the public good.
This threatens environmental and public health policies – including those that would reduce fossil fuel production,” said Iliana Paul, senior policy advisor on Sierra Club’s Industrial Transformation campaign. “Such actions pose a substantial financial risk to taxpayers and undermine efforts to combat climate change.”Fossil fuel corporations are ardent users of ISDS provisions, with nearly 20% of the 1,206 known treaty-based ISDS arbitrations coming from fossil fuel companies.
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