investor-state dispute settlement

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Stop ISDS campaign 2019

CEO just responded to the public consultation over the EU's plan to enshrine far-reaching rights for foreign investors in the proposed EU-US trade deal, rejecting the Commission's approach.
The European Commission's freeze in negotiations over dangerous corporate rights in the EU-US trade deal (TTIP) announced this week is an important first success for the growing anti-TTIP movement. But a closer look at the Commission’s line shows that it might just be a smart trick to dispel concerns.

The European Commission has repeatedly promised civil society that the ongoing Transatlantic Trade and Investment Partnership (TTIP) negotiations with the United States will not lead to a race to the bottom in terms of environmental protection, health and safety standards and consumer rights.

As U.S. and EU trade officials meet in Washington this week for a third round of negotiations on the proposed Transatlantic Trade and Investment Partnership (TTIP) agreement, nearly 200 environmental, consumer and labor groups have urged EU and US officials not to include an investor-state dispute settlement (ISDS) mechanism in the deal. Corporate Europe Observatory is one of these groups.

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"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.

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.