The EU has been advocating an end of this ban as part of the Transatlantic Trade and Investment Partnership negotiations. The EU wants to be able to import US oil for energy security reasons and set global rules for energy markets.
The problem of TPP is with the “investment” chapter, which severely constrains environmental, health, and safety regulation, and even financial regulations with significant macroeconomic impacts.
Canadian company TransCanada’s announcement that it will sue the American people for $15 billion perfectly illustrates how today’s corporate-empowering trade policies threaten the way democracy is supposed to work.
‘The idea that some trade agreement should force us to overheat the planet’s atmosphere is, quite simply, insane.’
La cohabitation entre le régime international de commerce et d’investissement actuel et l’ambition prétendue de lutter contre le changement climatique est impossible.
In 2015, new trade and investment cases, leaks and texts all demonstrated how trade rules present a significant threat to our environment and climate.
Proposed special rights for corporations in EU trade agreements threaten to prevent the necessary energy transition to tackle climate change according to a new report.
The European Union has been caught trying to undermine any meaningful outcome from the UN climate talks in Paris.
Rival international negotiations in Geneva could outlaw subsidies for solar or wind power in ‘great climate change swindle’
In its more than 6,000 pages of binding rules, the deal fails to even mention the words “climate change”—a clear sign it is not “a 21st-century trade agreement,” as some have claimed.
TTIP is intended to remove “non-tariff barriers to trade”. But the barriers it is targeting are democratically adopted regulations, preventing or correcting damages that would result from unregulated private markets.
Foreign investor protection provisions in trade and investment agreements tilt the playing field in favor of entrenched incumbents and against urgent action on climate.
Global trade deals like TTIP and TPP will lead to an increase in greenhouse gases and negate any agreement on climate change
The Natural Resources Defense Council has projected that Europe could be receiving 700,000 barrels of tar sands bitumen a day by 2020.
Documents and emails obtained by the Guardian reveal ‘collusion’ between Brussels and industry over the fossil fuel push in free trade negotiations.
More than two thirds of European oil refineries are now equipped to process tar sands, research has found, raising fears the EU is ready to welcome a flood of imports of one of the most environmentally devastating fuels in production.
The EU’s professed commitment to sustainable development is not reflected in its proposed text for the Transatlantic Trade and Investment Partnership
While the text of the TPP does address the environment in general ways, it does so with none of the urgency that climate change action demands.
With almost half of our carbon emissions and over 90 percent of our planet’s warming being absorbed by the ocean, the cheap goods on our grocery store shelves might not be such a good deal after all.
The Trans Pacific Partnership is in climate denial - nowhere in its more than 5,000 pages does it mention climate change.