General Discussion
In reply to the discussion: Unpacking the ISDS: Why the ISDS actually is a threat to us here [View all]magical thyme
(14,881 posts)In the past few years, the number of such investor-state attacks has surged. From the 1960s when this system was first established until 2000, only 50 cases were initiated. Today, more than 500 cases have been launched. A whole industry of third-party financing and specialized law firms has sprung up to extract our taxpayer dollars and roll back key public interest policies using the investor-state system.
This extreme "investor-state" system already has been included in a series of U.S. "trade" deals, forcing taxpayers to hand more than $440 million to corporations for toxics bans, land-use rules, regulatory permits, water and timber policies and more. Under a similar pact, a tribunal recently ordered payment of more than $2 billion to a multinational oil firm. Just under U.S. deals, more than $34 billion remains pending in corporate claims against medicine patent policies, pollution cleanup requirements, climate and energy laws, and other public interest policies.
http://www.citizen.org/investorcases
TABLE OF FOREIGN INVESTOR-STATE CASES AND CLAIMS UNDER NAFTA AND OTHER U.S. TRADE DEALS
April 2015
http://www.citizen.org/documents/investor-state-chart.pdf