The World Bank and US-based arbitration venues batter Venezuela with
fines for nationalizing its…own oil. This is the model TPP is
escalating…TPP will let foreign owners of companies sue states in
America for instance for making their own laws, if those foreign
companies can show they lost profit. This is why I hate and fear
transnational legislation - that is the new model escalating worldwide
to strip power from democracies and make decisions over our heads. http://www.aljazeera.com/news/americas/2014/10/venezuela-ordered-pay-16bn-exxon-2014101082823162695.html
Venezuela is battling more than 20 similar demands after a wave of nationalisation in the last 10 years [File: Reuters]
