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Countries risk 'paying polluters' billions to regulate for climate: UN expert

An "explosion" of multibillion-dollar claims by fossil fuel and extractive firms through shadowy investment tribunals is blocking action on climate and nature, the UN Special Rapporteur for Human Rights and Environment has warned, with developing nations increasingly targeted."The explosion of ISDS claims in recent years, and the threat of such claims, is led by fossil fuel, mining and other extractive industry corporations," Boyd said in his report.
New Zealand David Boyd Lukas Schaugg Energy Charter Treaty International Chamber World Bank
Source: yahoo.com

climate regulation: Countries risk 'paying polluters' billions to regulate for climate: UN expert

UNs David Boyd flags investor-State dispute settlement (ISDS) as a barrier. With fossil fuel firms using ISDS to block environmental regulations, fears mount over nations ability to drive change. Despite growing calls to regulate climate-related activities, fears of massive compensation payouts under ISDS persist, deterring stronger environmental measures. Boyd urges reform, labeling ISDS a major hurdle in the fight for climate action.
New Zealand Lukas Schaugg David Boyd International Institute For Sustainable Development European Parliament Energy Charter Treaty

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Countries Risk 'Paying Polluters' Billions To Regulate For Climate: UN Expert

An "explosion" of multibillion-dollar claims by fossil fuel and extractive firms through shadowy investment tribunals is blocking action on climate and nature, the UN Special Rapporteur for Human Rights and Environment has warned, with developing nations increasingly targeted.
New Zealand David Boyd Lukas Schaugg World Bank International Chamber Energy Charter Treaty

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