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A Better Balance is Possible Between Trade & Environment
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'The Shale Gale Is a Retirement Party'
Submitted by Janet Eaton on Thu, 2013-03-28 14:44Every day a government agency or industry group in North America still hails natural gas mined from deep shale rock formations as "the bridging fuel" that will power a brighter if not cleaner energy tomorrow. Cheap natural gas, goes the mantra, will solve our energy woes and build a new energy foundation.... Read more »
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Further steps given by Ecuador to terminate its bilateral investment treaty with the USA
Submitted by Janet Eaton on Thu, 2013-03-28 14:32Paula Hodges, Charles Kaplan and Peter Godwin, Herbert Smith Freehills LLP
On 6 March 2013, Ecuador’s President, Mr Rafael Correa, requested that Ecuador’s legislature (the National Assembly) approve the denunciation of the bilateral investment treaty (BIT) between the USA and Ecuador (the Treaty). This is a further testament to the Government of Ecuador’s disaffection with the investor-state protection system implemented before Mr Correa became the country’s President in 2007. This blog post provides general background on this development and briefly discusses the legal consequences of Ecuador denouncing the Treaty.... Read more »
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How NAFTA, FIPA and other investment deals put democracy and the environment at risk
Submitted by Janet Eaton on Thu, 2013-03-28 14:08A U.S.-funded energy firm, Lone Pine Resources, is using investor rights provisions in the North American Free Trade Agreement (NAFTA) to challenge Quebec’s 2011 moratorium on hydraulic fracturing for natural gas. Lone Pine says the moratorium upsets its right to profit from oil and gas mining in the St. Lawrence Valley, and is asking for $250 million in compensation.
This case proves that trade and investment deals like NAFTA, the proposed Canada-EU Comprehensive Economic and Trade Agreement (CETA), and Canada’s many Foreign Investment Protection and Promotion Agreements (FIPAs) undermine our basic notions of democracy, threaten needed environmental regulations, and put private profits above the public good. Communities, not private firms, should have the final say on fracking and other projects that threaten water sources, the environment and public health – and there should be no penalty for saying “no.”... Read more »
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Economic Integration: Towards a North America - EU Transatlantic Free Trade Zone
Submitted by Janet Eaton on Tue, 2013-03-26 10:01By Dana Gabriel, Pressure is mounting on Canada to finish up a long-delayed trade deal with the EU. Despite outstanding issues that still must be settled, there is a final push to try and complete an agreement this summer. If both sides are able to secure a deal, it would lay the groundwork for the proposed U.S.-EU trade pact. There is the possibility that the U.S.-EU transatlantic trade talks could also include the other NAFTA partners and maybe even other countries. Mexico has already shown interest in joining and if Canada can't put the final touches on their own agreement with the EU, they might also be part of the negotiations. This would facilitate plans for a coming NAFTA-EU free trade zone and the formation of a transatlantic economic union.... Read more »
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The Other Conclave : Can the WTO save itself from irrelevance? The Econmist May 16th
Submitted by Janet Eaton on Mon, 2013-03-25 18:43THE World Trade Organisation’s general council will skip the plume of smoke when it chooses its new director-general in May. But what it would give for just a fraction of the attention bestowed this week on the cardinals gathered in the Vatican to choose a new pope. Since the Doha round of multilateral trade talks collapsed in 2008, the WTO has struggled to rebuild interest in broad liberalisation. The nine nominees to succeed Pascal Lamy in the WTO’s top job are busily campaigning for support in its Geneva headquarters and in member countries. The wider world isn’t much interested.... Read more »
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