Quantcast

Report Exposes How the TTIP Could Expand Fracking in U.S. and Europe

Fracking

As the U.S. and European Union (EU) governments continue negotiating the Transatlantic Trade and Investment Partnership (TTIP), environmental organizations are growing more concerned about a loophole that could leave the door open for expanded fracking in both regions.

According to a report released today from Friends of the Earth Europe, the Sierra Club, Corporate Europe Observatory and others, the pending TTIP contains language that could allow energy companies to take governments to private arbitrators if they try to regulate or ban fracking. Now, campaigners in Europe and the U.S. are fighting to eliminate such rights from the trade deal. 

“Giving companies more rights as part of the EU-U.S. trade deal would undermine Europe’s growing resistance to fracking," said Antoine Simon of Friends of the Earth Europe. "Energy companies must not be given the power to challenge democratically agreed laws that safeguard the environment and citizen health.

"Put simply, this puts profits before people, democracy and the planet.”

Graphic credit: Friends of the Earth Europe

The report, "No Fracking Way," states that the Investor-State Dispute Settlement clause would enable corporations to claim damages in secret courts or arbitration panels if they believe their profits are adversely affected by changes in a regulation or policy. Those companies could seek compensation through private international tribunals. U.S. firms or those with a subsidiary in the U.S. that invest in Europe could also use those rights to seek compensation for future bans or other regulation on fracking. The arbitrators are mainly set up for investment cases and not part of the normal judicial system, according to the report.

“Trade should help strengthen economies while protecting families and communities—it should never put them at risk," Ilana Solomon, director of the Sierra Club's responsible trade program, said. "The egregious Lone Pine lawsuit shows how investor-state dispute settlement threatens people and our environment by letting big corporations attack common-sense policies. We need protections from dangerous practices like fracking, and big oil and gas corporations shouldn’t use trade as the trump card to get their way.”

The report points out several other examples, including Swedish energy giant Vattenfall's request of the equivalent of nearly $5.1 billion from Germany to compensate for the country's voted to phase out nuclear power.

Graphic credit: Friends of the Earth Europe

In the U.S., some individual cities and states are taking notice of the dangers of fracking. Last week, the Los Angeles City Council approved a moratorium on fracking within city limits. The decision made Los Angeles the nation's largest city to approve such a ruling.

Four days before that, groups in Colorado launched a ballot initiative that would essentially give residents control over fracking within their communities.

Visit EcoWatch’s FRACKING page for more related news on this topic.

EcoWatch Daily Newsletter

Pexels

By Adda Bjarnadottir, MS, LN

Up to 20% of people may have a food addiction or exhibit addictive-like eating behavior.

Read More Show Less
Spiced hot chocolate. Lilechka75 / iStock / Getty Images

By Katey Davidson, MScFN, RD

Food is the cornerstone of the holiday season. It brings friends and family together to share memories, cultural traditions, and great flavors.

Read More Show Less
Sponsored
Solar panels at the Renewable Hydrogen Fueling and Production Station on Joint Base Pearl Harbor-Hickam. U.S. Navy / Mass Communication Specialist 2nd Class Daniel Barker / Released

By Tara Lohan

Three years into the Trump administration, its anti-climate and anti-science agenda is well established. Despite dire warnings from the world's leading scientists about the threats from rising greenhouse gas emissions, the administration has stubbornly continued to deny climate change, obstructed and undermined efforts to curb it, and moved again and again to roll back existing regulations that help reduce emissions.

Read More Show Less
Pexels

By Ryan Raman, MS, RD

Rye bread tends to have a darker color and stronger, earthier taste than regular white and wheat bread, which is one reason why many people enjoy it.

Read More Show Less
Elva Etienne / Moment / Getty Images

By Ketura Persellin

Gift-giving is filled with minefields, but the Environmental Working Group's (EWG) got your back, so you don't need to worry about inadvertently giving family members presents laden with toxic chemicals. With that in mind, here are our suggestions for gifts to give your family this season.

Read More Show Less