Investor State Dispute Settlement is being blamed for countries' slowness to shift regulatory structures against the continued development of fossil fuels' extraction - the fossil fuels sector has been a voracuus user of ISDS and has profited handsomely from settlements....
So, what is ISDS?
A couple of years ago I wrote this quick guides @NWBylines which you may find helps you understand what is going on.
@ChrisMayLA6 @NWBylines
ISDSs piss over national sovereignty and jurisprudence. Anti-democratic doesn’t come close to describing it. Fascism is a better descriptor. Imho.
@ChrisMayLA6 @NWBylines I really don't understand the justification for getting lost profits. Repaying investment already made kind of makes sense, but imaginary future profits? Well let's me propose a scheme to you...
Yes, its an extraordinary stretch, but is the core of it; unjust for certain
@ChrisMayLA6 @NWBylines perhaps gouvernements should counter sue for imaginary future windfall taxes?
Ha ha, if only the treaty drafters had thought of that (but then again, the drafters were likely corporate lobbyists)
@ChrisMayLA6 @NWBylines perhaps gouvernements should counter sue for imaginary future windfall taxes?