US oil company wanted EU-US trade deal to give foreign investors the legal honest to challenge government decision,documents showChevron lobbied the EU to give foreign investors the legal honest to challenge government decisions in a major US-EU trade deal because it would act as a deterrent against laws such as fracking bans, the Guardian can reveal.
Environmentalists have long-warned that the Transatlantic Trade and Investment Partnership’s (TTIP) investor state dispute settlement (ISDS) commercial courts risk a regulatory chill, or with governments backing absent from measures limiting fossil fuel extraction for fear of lawsuits. But this is the first time that a major oil firm has corroborated their fears. Related: The obscure legal system that lets corporations sue countries | Claire Provost and Matt Kennard Continue reading...
Source: theguardian.com