Hypothetical profit
jeudi 27 août 2020 à 02:00A US company bought a gold mine in Guatemala. Later, under public pressure, Guatemala shut the mine down. Now the company is using the ISDS clause in a business-supremacy treaty with the US to make Guatemala 400 million dollars in hypothetical future profits.
Mines tend to be toxic; I expect the reason for shutting the mine was to put an end to the poisoning of people, ecosystems and/or water supplies. But the business-supremacy treaties don't value people, ecosystems or water supplies.