Clive Palmer's Secret Weapon
Six weeks ago, billionaire businessman Clive Palmer lost a $300 billion case against the Australian government when the High Court determined that he is not, in fact, a Singaporean investor.It may sound absurd, but Palmer’s case had potential – and he has three more similar cases in the works. Across the globe, fossil fuel companies are taking up a secret weapon against climate action: it’s baked into many trade agreements, and allows corporations to bypass court systems and sabotage climate policies.‘Investor-state dispute settlement’, or ISDS, has the potential to crush what little progress…
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