How is big business using the EU's trade and investment agreements to sideline people, planet and democracy?
Today, more than 60 international, European and national civil society groups have called on European decision makers to uphold the Paris Agreement and not mandate new trade negotiations with the USA.
"Wait a minute. I don’t really get what ISDS is. ...." Here is our straightforward "What is What" on Investor-State Dispute Settlement - and why it's so dangerous.
Under ISDS corporations and the rich have sued governments for billions of euros – for anything from introducing health warnings on cigarettes to banning dirty oil drilling. Citizens, campaigners and social movements are uniting in 2019 to put an end to this parallel justice system for big business.
Whenever a government passes a law which could potentially affect profits, the ISDS system enables companies to hit back with lawsuits for damages - often worth billions of euros. Under the ISDS (Investor-State Dispute Settlement) system, corporations have already sued countries for anything from introducing health warnings on cigarettes to placing a moratorium on fracking.
The EU member state vote on the EU-Japan trade agreement is close, but not all interest groups had an equal say when the deal was hashed out. Official figures from the European Commission show that big business had many more meetings with the EU trade negotiators than small businesses, trade unions and other civil society actors did.
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