ISDS: We can't risk it!
Tell the Senate inquiry that the risks of ISDS are too great – before the submission deadline this Friday 28 October.
Right now, the Senate is holding an inquiry – and their recommendations are Australia's last line of defense against the TPP.
If we flood the submissions process with the findings of this report, our Senators will have no choice but to face up to the unacceptable risks of ISDS – and vote the TPP down. Can you make a submission right now?
Want more? Check out the full version of the report here: http://www.getup.org.au/canary-in-the-coalmine
If we flood the submissions process with the findings of this report, our Senators will have no choice but to face up to the unacceptable risks of ISDS – and vote the TPP down. Can you make a submission right now?
Check out our 'Canary in the Coalmine' report!
This report was fully funded by the generous contributions of GetUp members. Check it out for yourself, then make a submission to the Senate's inquiry into the TPP.Want more? Check out the full version of the report here: http://www.getup.org.au/canary-in-the-coalmine
Our 'Canary in the Coalmine' report analyses the risks Australia faces from ISDS – the most controversial chapter of the TPP that gives multinational corporations the power to sue governments.
It draws upon the experience of Canada under the North American Free Trade Agreement as a useful predictor of the ISDS environment that Australia will face under the TPP.
The findings are chilling:
It draws upon the experience of Canada under the North American Free Trade Agreement as a useful predictor of the ISDS environment that Australia will face under the TPP.
The findings are chilling:
- In the last decade, there has been a significant increase in predatory behaviour by multinational corporations. In 2015, there were 70 ISDS disputes worldwide, the highest number in any one year.
- Corporations based in the US and Canada are the biggest users of ISDS, making up the majority of global cases between them. Under the TPP, Australia will be at risk from both.
- Governments lose or settle ISDS cases far more often than they win them. Cases are settled or the corporation wins 52% of global ISDS cases,whilst the state wins a mere 36% of suits.
- The Canadian Government has lost or settled 62.7% of the ISDS cases brought against it. More than half of these involved claims against provincial or territorial government measures.
- Canada was forced by an ISDS lawsuit to reverse a precautionary ban on a dangerous fuel additive exposing citizens to a neurotoxin for six years longer than they would have been otherwise.
- Canada is currently being sued under ISDS for introducing a fracking ban in Quebec. If Canada loses the case, it could jeopardise their ability in introduce new environmental safeguards.
The report embedded on this page is a summary of a much longer piece of research. You can read Dr Tienhaara's work in full here: http://www.getup.org.au/canary-in-the-coalmine