As European Union (EU) member states consider the implications of environmentally risky shale gas development (fracking), negotiations are underway for a controversial EU–Canada Comprehensive Economic and Trade Agreement (CETA) that would grant investors the right to challenge governments’ decisions to ban and regulate fracking.
April 17th 2013EU in crisis
The European Commission's new proposal on Corporate Social Responsibility reporting has been weakened by industry pressure to the extent that it is now virtually meaningless. Business lobbies, with very active support from the German government, have successfully pushed for voluntary reporting with non-binding requirements that can be selectively interpreted and would not be enforceable.
April 15th 2013Climate and energy
The report "EU ETS myth busting" has been co-published by more than 40 organisations, including Corporate Europe Observatory. It shows that far from being the ‘best tool’ to combat climate change, the EU ETS is inherently too weak to drive the sustainable energy transformation the EU needs in order to stay within global warming limits. It is systemically flawed and cannot be fixed.
November 27th 2012International trade
A small club of international law firms, arbitrators and financial speculators are fuelling lawsuits by foreign investors against states that cost taxpayers billions of dollars and prevent legislation in the public interest. Emblematic cases include tobacco giant Philip Morris suing Uruguay and Australia over health warnings on cigarette packets, and Swedish energy multinational Vattenfall seeking $3.7bn from Germany following that country’s decision to phase-out nuclear energy. Profiting from Injustice uncovers a secretive but burgeoning legal industry which benefits from these disputes – at the expense of taxpayers, the environment and human rights.