"Simply put, this rule lets big oil companies sue sovereign states and demand exorbitant amounts of money if they are prohibited from digging up fossil fuels. In 2022, the UN’s climate science advisory group, the Intergovernmental Panel on Climate Change, documented ISDS as one major challenge for fossil fuel phaseout"

#FossilFuels #ISDS #ClimateEmergency

How big oil companies can slow the green transition by suing governments that ban fossil fuels
https://theconversation.com/how-big-oil-companies-can-slow-the-green-transition-by-suing-governments-that-ban-fossil-fuels-281972