Colombia slams international trade rules that punish states for climate action
via news.mongabay.com
Short excerpt below. Read at the original source.
Colombian Environment Minister Irene Vélez Torres has called for reform of international arbitration tribunals, saying they’re “one of the greatest obstacles” to the energy transition and favor corporate interests over sovereignty. The investor–state dispute settlement system (ISDS), also called a “corporate court,” is an international trade mechanism that allows foreign investors, usually corporations, to sue […]