Should Companies Get Paid When Governments Phase Out Fossil Fuels? They Already Are

3 months ago 41

A common part of free trade agreements helps fossil fuel companies force big payouts from governments phasing out oil and gas projects. The United States narrowly avoided a $15 billion claim over the shuttered Keystone XL pipeline.

By Katie Surma, Nicholas Kusnetz

Cashing Out: Fourth in a series on the secretive system disrupting climate action and forcing big payouts to fossil fuel companies.

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