The corporate war against green policies: Climate litigation explained

It’s been dubbed “litigation terrorism” – a foreign investor protection regime that’s said to be stalling climate action and instead paying polluters. The fossil fuel and mining industries have already been awarded over 100 billion dollars., On this episode of Transforming Business, how corporate lawsuits are holding governments to ransom over green policies and how states are fighting back.

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Video summary, based on the transcript, with some help from AI:

Summary

The video explores the impact of corporate litigation against green policies, highlighting community efforts in Romania and Colombia to protect environmental interests.

Highlights

• 🌄 Rosia Montana: A protected area in Romania saved from industrial mining.
• ⚖️ Legal Battles: Corporations like Glenore use ISDS to challenge government climate policies.
• 💧 Community Impact: Indigenous communities in Colombia face environmental threats from coal mining.
• 🌍 International Context: Fossil fuel companies are the most litigious under ISDS, affecting climate action.
• 📉 Regulatory Chill: ISDS cases deter governments from implementing strong environmental regulations.
• 🏛️ Romanian Victory: Local efforts resulted in a court win against a Canadian mining company.
• 🌱 Hope for Change: Communities worldwide look to successful cases like Romania’s for inspiration.