Did you know there is a media black-out about ISDS, the “Investor State Dispute Settlement”, in the NAFTA negotiations. This week in Toronto, oil and gas company, Lone Pine Resources is using Chapter 11 of NAFTA to sue our government for over $100 million, over a temporary fracking ban under the St Lawrence River.
The ISDS rules in Chapter 11 give billionaire corporations special rights to sue governments, in shadowy international tribunals, for passing laws or policies that might reduce their expected profits.
Canada is already the most-sued country in the global north, because of NAFTA’s Chapter 11 ISDS rules. Most corporations sue us over our environmental regulations.
These rules let corporations undermine our democracy in the pursuit of profits, and should be removed. The NAFTA renegotiations offer an opportunity to put an end to these outrageous corporate lawsuits.
A lot is said, over what Trudeau's trip to Washington will mean for the future of NAFTA, but there’s been shockingly little coverage, by the media, about this lawsuit.
Could we as the public, stand up, get behind our negotiators and, support the removal of NAFTA's chapter 11 -ISDS, end big corporation's chance to sue and bully our government, to keep our the decision making for our beautiful country in our country.
E. Thimm, Prince Albert