Europeans don’t want investor state dispute settlement in trade agreements - Stop TTIP Stop TTIP
The European Commission today released the results of a public
consultation on the investor state dispute settlement (ISDS) in the
Transatlantic Trade and Investment Partnership (TTIP). Between 27 March
and 13 July 2014, the Commission had invited citizens to comment on
various aspects of ISDS and received a record number of nearly 150,000
responses. It emerged today that 97 per cent of responses oppose ISDS.
ISDS would give foreign investors the right to sue states in private
arbitration courts for any actions that could damage their profit
expectations. Investors have used similar agreements to sue states and
demand millions, even billions of Euros in compensation. One example is
the lawsuit of Swedish energy company Vattenfall against Germany for
introducing environmental requirements for a coal fired power stations.
Another example is Canadian gas and oil company Lone Pine suing against a
fracking moratorium in the state of Quebec.
