investor-state dispute settlement

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Stop ISDS campaign 2019

Trade unions and environmental organisations are calling on the European Parliament's environmental committee to reject the controversial EU-Canada trade deal CETA, which could undermine EU environmental and public health standards.

Ahead of the 12th round of TTIP negotiations, 280 civil society groups from across Europe have called on the EU and the US to eliminate excessive investor rights from the TTIP, CETA and all other trade deals.

Canadian company TransCanada wants to sue the US for over US$15 billion in compensation - because President Obama rejected the contested Keystone XL oil pipeline. Another warning sign for extreme corporate rights in EU trade deals such as TTIP and CETA.

On the eve of the Canada–EU summit more than hundred organizations on both sides of the Atlantic have issued a statement which strongly opposes the EU-Canada Comprehensive Economic and Trade Agreement (CETA) because it will enrich multinational corporations at the expense of citizens’ rights. CEO is one of the signatories.

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This year provides a rare opportunity to end some of the most outrageous rights enjoyed by big business: the investor-state dispute settlement system or ISDS. 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. 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.

Fresh opposition has been voiced against a highly controversial EU policy negotiation overseen by the new Romanian EU Presidency in the coming weeks: 160 mayors, parties, trade unions and NGOs, including Corporate Europe Observatory, today wrote to the Presidency to underline their strong concerns about the ‘Services Notification Procedure’.

Coal garnered much media attention, thanks to the Polish Government and US President Trump’s support. But it was the gas industry that really stunk up the conference, its influence seeping into all corners of the negotiating halls. Luckily activists and communities were present to call industry out and demand real solutions.