Law Commons^™

Overcoming The Pragmatic Approach Of The United Nations Guiding Principles On Business And Human Rights In Relation To The Fossil Fuel Industry, Barnali Choudhury

Articles & Book Chapters

Business has been good for Big Oil. Last year, the five largest Western oil companies raked in over USD$200 billion in profits. Last year, the global carbon emissions from the fossil fuel industry also peaked. Companies produced over 36 billion tons of carbon dioxide emissions during the year and global warming hit a new sustained high. Increasing temperatures also caused socio-economic impacts such as deaths, displacement of people, loss of employment and adverse impacts on food security.

While numerous studies have drawn links between the corporate activities of the fossil fuel industry and the devastating environmental and human rights impacts …

Foreign Investor Protection And Climate Action: A New Price Tag For Urgent Policies, Gus Van Harten

Osgoode Legal Studies Research Paper Series

From a climate perspective, not all investment is equal. Desirable investment in clean energy needs encouragement and protection, while undesirable investment in fossil fuels needs clear policy signals to avoid further investment in destructive activities and stranding more assets. In this paper, evidence is presented on how foreign investor protection provisions in trade and investment agreements tilt the playing field in favor of entrenched incumbents and against urgent action on climate; on the potential for a massive expansion of investor-state litigation and risks to climate policy in proposed trade deals; and on key flaws in recent European Commission proposals to …