Why Mining Corporations Love Trade Deals
Why Mining Corporations Love Trade Deals
06/21/2016 09:57 am ET
Ben Beachy
Senior Policy Advisor, Responsible Trade Program, Sierra Club
From the salmon-spawning waters of Alaska to the cloud forests of Ecuador, communities are standing up to mining projects that threaten their health, environment, and livelihoods.
But mining corporations are fighting back with a powerful tool buried in trade and investment agreements: the ability to go to private, unaccountable tribunals and sue governments that act to protect communities from mining.
In these private tribunals, which sit outside of any domestic legal system, corporate lawyers - not judges - decide whether governments must pay corporations for halting destructive mining projects. To date, mining corporations have used these private tribunals to sue over 40 governments more than 100 times.
In two-thirds of the concluded cases, governments either have been ordered to pay the mining corporations or have settled with them, which can require handing over payment and/or weakening mining restrictions. In the 44 publicly available mining cases still pending, mining corporations are demanding over $53 billion from governments.
More:
http://www.huffingtonpost.com/ben-beachy/why-mining-corporations-l_b_10589832.html
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