A trade deal between the EU and the US risks opening the backdoor for the expansion of fracking in Europe and the US, reveals a new report by Corporate Europe Observatory and other groups. As part of the deal currently being negotiated, energy companies could be allowed to take governments to private international tribunals if they attempt to regulate or ban fracking and the dangerous exploitation of unconventional fossil fuels. Campaigners are urging the EU not to include such rights in trade deals.
You can also watch this watch 5 minute news video on the issue:
This video busts the myth that TTIP will create many jobs and growth, embarrassing EU Trade Commissioner de Gucht with his own studies. The video also contains strong statements by an angry Parliamentarian who talks about the “regulatory cooperation” proposals (“yes, why not close down all Parliaments and let business and the Commission decide what to do, this will save time and money, but the consumer will pay the price”):
Another video was already broadcast in autumn and raises many issues – from the corporate influence over the talks, to the threat to food safety regulation and investor-state dispute settlement. Great interview bits of Lori Wallach and also of Stuart Eizenstat – ex US government official now with law firm Covington and Burling and co-chair of the transatlantic business council:
Don’t forget to switch on English subtitles in youtube!