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Campaigners call for Cop29 to commit to ending secretive corporate courts
Attendees arrive for the day at the Cop29 UN Climate Summit, November 14, 2024, in Baku, Azerbaijan
CAMPAIGNERS demanded that Cop29 commit to ending secretive corporate courts today as the Baku summit turned its focus to finance, investment and trade.
Investor-state dispute settlement (ISDS) courts are a legal mechanism that allow corporations to sue governments for decisions which they claim impact their profits — including environmental protections.
Global ISDS Tracker reports that around $113 billion (£88bn) has been awarded to private investors through the mechanism.
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From summit to summit, imperialist companies and governments cut, delay or water down their commitments, warn the Communist Parties of Britain, France, Portugal and Spain and the Workers Party of Belgium in a joint statement on Cop30
