Wed Oct 26th, 2022 at 09:14:55 AM EST
What happened to protect big fossil fuel interests, would have happened if Brussels and the Obama would have pushed through the trade agreement, Transatlantic Trade and Investment Partnership (TTIP). Selling off European economic sovereignty to American big capital.
Obama Is On a Fast Track to Solidify Secret European Trade Deal | EarthJustice - June 25, 2015 |
Strangle hold by wealthy fossil fuel corporations on European Union member states.
EU states 'revolt' against controversial energy treaty DW News |
Energy companies have been suing European governments for billions of euros to protect their fossil fuel investments in recent years via an obscure treaty adjudicated in secret arbitration courts. But that could be about to change.
France and the Netherlands announced their intention to exit the Energy Charter Treaty (ECT) last week saying it was not in line with climate goals. Italy pulled out in 2016, with Spain and Poland following in recent months. And more countries could follow, say analysts.
"You could definitely call it a revolt," said Lukas Schaugg, law analyst with the International Institute for Sustainable Development (IISD), a Canada-based think tank, of the recent exodus from the treaty. With the Netherlands having played an integral role in establishing the ECT, he called the decision to withdraw "a significant step."
With the Ukraine war-related energy crisis causing EU states to reactivate coal power plants, for example, governments needing to limit CO2 emissions want to neutralize the climate litigation, which has been holding back climate policy.
"The war on European soil should not make us forget our climate requirements and our imperative to reduce our CO2 emissions," said French President Emmanuel Macron when announcing his country's exit from the ECT as a "strategy" to achieve climate goals.
African Dictators Signing Onto ECT
Nigeria: Dutch court rejects suit of `Ogoni Nine' widows against Shell | Al Jazeera - March 23, 2022 |
On the Life and Legacy of Ken Saro Wiwa - The View from an Ally
Personal friendship Shell CEO Van Beurden and PM Mark Rutte
Loss of memory to can't establish the context to I can't find the letter send by Shell "4Yr Eyes Only". What an unbelievable a$$hole and compulsive liar.
American Capitalism, Greed and Political Elite
Crawling back the constitutional rights of "We The People" to the advantage of the elites, special interest groups to hold onto economic and political power.
Landmark Supreme Court ruling allows corporate political cash
"The Supreme Court has given a green light to a new stampede of special interest money in our politics," Obama said after the 5-4 ruling that divided the nation's high court along conservative and liberal lines.
"It is a major victory for big oil, Wall Street banks, health insurance companies and the other powerful interests that marshal their power every day in Washington to drown out the voices of everyday Americans," Obama said.
Obama said he instructed administration officials "to get to work immediately with Congress on this issue" and "talk with bipartisan congressional leaders to develop a forceful response to this decision."
The ruling, a defeat for Obama and supporters of campaign finance limits, is expected to unleash a flood of money to be spent in this year's congressional election and the 2012 presidential contest.
Writing for the majority, Justice Anthony Kennedy said the long-standing campaign finance limits violated constitutional free-speech rights of corporations.