Pursuant to my gloomy piece yesterday about oil shipment legal loopholes...
Big Oil exploits plenty of legislation on land as well.
“Even just the threat of such a suit is enough to halt or roll back such efforts by host states,” one expert in ISDS claims told me a couple of years ago, when I wrote about an analysis of their use. “The threats can be very effective even if they lack legal merit.”
#Energy #Economics #ClimateCrisis
https://www.splinter.com/big-oil-will-exploit-this-trillion-dollar-loophole-until-someone-closes-it
Here in Colombia, Petro followed up on his anti-Fossil Fuel pledge by halting future oil speculation, and pushing renewables. It's been a tough transition re: energy costs!
But the worst part is that those costs, plus Indigenous protests in rural mining regions, give right-wingers leverage to claim that de-investment yields disorder.
No, Big Oil created disorder.
But its violence happens in board rooms, courtrooms, & the environment.
Then everyone looks violent or reckless for pushing back.