The Obscure Trade Provision Everyone Is Talking About

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2. The examples are telling:

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When Germany began phasing-out nuclear power after Japan's Fukushima disaster, Swedish energy company Vattenfall sued to recover their lost projected profits.

Australia and Uruguay are now under attack by Phillip Morris for requiring health warnings on tobacco products, because the regulations, designed to save children's lives, are cutting into profits.

French company Veolia sued Egypt after Egypt raised its minimum wage, increasing Veolia's operating costs.

And most recently, Canada was successfully sued for refusing to grant a mining company a permit for destructive mega-blasting, in an effort to protect the ecosystem and the livelihoods of local fisherman in Nova Scotia.

The size of damages can be breathtaking. An ISDS arbitration panel ordered Ecuador to pay Occidental Petroleum $2.3 billion as compensation for lost hoped-for future profits when Occidental broke the law and suffered the fully foreseeable consequences.

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