by Jagoda Munić, director of Friends of the Earth Europe
“I want you to act as if our house is on fire”, climate activist Greta Thunberg told politicians at the World Economic Forum in January this year, seeking to motivate them to urgently put a stop to runaway climate change.
New research published today reveals the devastating consequences of the controversial Investor-State Dispute Settlement (ISDS) system. A common ingredient in international trade and investment agreements, ISDS creates a parallel justice system that rolls out the red carpet for corporations to sue states when they act in the public interest.
In an open letter published today, over 340 civil society organisations are demanding that the European Union immediately halt free trade agreement negotiations with the Mercosur bloc (Brazil, Argentina, Paraguay and Uruguay) on the grounds of deteriorating human rights and environmental conditions in Brazil.