A Shadowy Corner of International Law Is Threatening Climate Action, U.N. Expert Warns

1 year ago 67

An obscure but far-reaching system allowing corporations to sue governments is being “weaponized” by the fossil fuel and mining industries, according to a new U.N. report, jeopardizing progress in developing nations.

By Nicholas Kusnetz and Katie Surma

Soon after Italy approved a ban on offshore oil drilling, in 2015, the country received some alarming news: A British oil company that had been planning to drill was suing the government, seeking hundreds of millions of dollars in compensation.

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