'Worse Than We Thought': TPP A Total Corporate Power Grab Nightmare
Date Written: 2015-11-05
Publisher: Common Dreams
Year Published: 2015
Resource Type: Article
Cx Number: CX18098
On issues ranging from climate change to food safety, from open Internet to access to medicines, the TransPacific Partnership (TPP) is a disaster.
While the text is full of handouts to the fossil fuel industry, it doesn’t mention the words climate change once.
What it does do, however, is give fossil fuel companies the extraordinary ability to sue local governments that try and keep fossil fuels in the ground. If a province puts a moratorium on fracking, corporations can sue; if a community tries to stop a coal mine, corporations can overrule them. In short, these rules undermine countries' ability to do what scientists say is the single most important thing we can do to combat the climate crisis: keep fossil fuels in the ground.
Furthermore the agreement is designed to protect 'free trade' in dirty energy products such as tar sands oil, coal from the Powder River Basin, and liquefied natural gas shipped out of West Coast ports.