TPP: Anti-gas mining groups say no to investors suing govts

Press Release – AFTINET More than 70 organisations including 54 regional groups ranging from Mirboo in Victoria, to the Cassowary Coast in North Queensland, to Walgett in NSW, in traditional areas of Coalition support, have endorsed a letter to Trade Minister Andrew Robb.October 2, 2013 Rural anti-gas mining groups say no to investors suing governments for environmental regulation as Trans-Pacific trade talks resume More than 70 organisations including 54 regional groups ranging from Mirboo in Victoria, to the Cassowary Coast in North Queensland, to Walgett in NSW, in traditional areas of Coalition support, have endorsed a letter to Trade Minister Andrew Robb. They express their strong opposition to clauses in trade agreements which would enable foreign investors to sue governments for damages in international tribunals if government regulation is seen to ‘harm’ their investment. These proposals are known as investor-state dispute settlement (ISDS). The Minister will meet with other Trans-Pacific Partnership (TPPA) Ministers at the APEC meeting in Bali on October 3-4 before a TPPA Leaders’ meeting on October 7 which is expected to announce progress in the negotiations. “ISDS would reduce the ability of governments to regulate the activities of foreign companies even if these activities have a negative impact on health and the environment. This would prevent governments from responding to community concerns about Coal Seam Gas mining (CSG)”, Drew Hutton, President of Lock the Gate, said...

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