Paying the polluter
Investor state dispute settlements, backed by international treaties and free trade mechanisms, mean billions of dollars are being handed to fossil fuel investors in cases where positive climate action by governments is damaging fossil fuel asset values.
Not only is this paying polluters, but the fear of being sued prevents governments from acting. This hidden handbrake reveals the scale of the payments, the extent of the fear, and pushes for renegotiating such treaties.
How stuck is this handbrake?