EU Exits ISDS, kinda...

Rethinking Trade with Lori Wallach

Rapacious European corporations were top users of Investor-State Dispute Settlement (ISDS) tribunals. For decades, they extracted billions from taxpayers worldwide, attacking local laws and suing governments before ISDS tribunals of three corporate attorneys.
So, it was big news when the European Union recently exited one of the world’s largest ISDS agreements -- the Energy Charter Treaty.
In the latest episode of the Rethinking Trade podcast, Lori Wallach is joined by two people who know the inside story: Cecilia Olivet, advisor to the Left Group in the European Parliament, and Fabian Flues, of the German-based organization Powershift.
Here’s a hint: When European domestic climate policies got ISDS attacked, the Dutch, German and other ISDS-booster governments had to shell out billions. And climate activists turned up the, um, heat.

Nothing like being on the receiving end of ISDS – and domestic grassroots campaigns - to change opinions…