Tag Archive: no one wins

on January 21, 2016 in World News

When corporations sue countries, no one wins

TransCanada is demonstrating beautifully why there is so much opposition against trade agreements such as CETA (Canada-European Union Comprehensive Economic and Trade Agreement) and the TPP (Trans-Pacific Partnership). The Calgary-based company recently filed a US$15 billion NAFTA challenge after U.S. President Barack Obama’s rejected the pipeline. This is under the NAFTA’s Chapter 11 investor-state dispute settlement (ISDS) provisions which allows corporations to sue government over policy decisions that may affect their profits. Keystone XL would have produced 110 million tons of greenhouse gasses per year. Last week, Globe and Mail columnist Barrie McKenna slammed the Council of Canadian’s opposition to… View Article

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