A trade agreement currently being negotiated between the US and the EU could open the way to multi-billion euro lawsuits from companies wanting to expand “fracking” for shale gas and oil, reveals a new report today. As part of the proposed investor rights chapter in the EU-US trade deal, companies could be allowed to sue governments, through a binding arbitration system that operates outside national frameworks, if they attempt to regulate or ban fracking. Campaigning groups are urging the EU to not include such rights in the trade deal.
Lobby-watchdogs LobbyControl (Germany) and Corporate Europe Observatory (Brussels) team up for joint guided ‘lobby tours’ of the Brussels EU quarter with a focus on the ongoing EU-US trade negotiations. This video shows some extracts of one of these tours, where we show concrete examples of how corporate lobbyists are influencing these talks and how the European Commission is giving them privileged access to do so.