Tag: people power

Government exposed to secret international tribunals

Press Release – People Power Government exposed to secret international tribunals under Capital Markets Task Force asset sales agenda The New Zealand Government will be exposed to being sued by international investors if the Government continues to follow the Capital Markets … Government exposed to secret international tribunals under Capital Markets Task Force asset sales agenda The New Zealand Government will be exposed to being sued by international investors if the Government continues to follow the Capital Markets Task Force agenda on partial state asset sales. Under the Trans Pacific Partnership (TPP) currently being negotiated, foreign investors in partially privatised energy companies would be able to seek damages against the Government for implementing any law or regulation that was claimed by foreign investors to be detrimental to their interests. For example the New Zealand Government could be sued for introducing energy efficiency policies which foreign investors could argue threaten their profit stream or share value. International investors could see any government regulations to protect or improve water quality as a threat to their profits. New Zealand investors would not have the same right to act to protect their investment. Already Peru, Chile, Ecuador and Mexico are among countries adversely affected by large international corporations using the disputes provisions of so-called free trade agreements. The Investor State Disputes Settlement (ISDS) provision of the TPP which provides for the governments to...

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Avaaz weighs in on the TPP

Online activist hub www.avaaz.org has launch a global campaign against the TPP, asking people to sign on to the message: ‘As concerned global citizens, we call on you to make the TPP process transparent and accountable to all, and to reject any plans that limit our governments’ power to regulate in the public interest. The TPP is a threat to democracy, undermining national sovereignty, workers’ rights, environmental protections and Internet freedom. We urge you to reject this corporate takeover.’ It’s a quick and easy way to join with activists around the...

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