Something immediate to worry about: TPP -> TPIP

Discussion in 'Markets & Economies' started by togetherwe, Nov 13, 2013.

  1. glam

    glam Member

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  2. JulieW

    JulieW Well-Known Member Silver Stacker

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    They've rarely been prosecuted for corruption so I'd say it's unlikely that if anyone by any strange fluke would find out.
     
  3. hecate

    hecate New Member Silver Stacker

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  4. hecate

    hecate New Member Silver Stacker

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    More here http://www.abc.net.au/news/2014-01-09/warne-smith-the-environment-will-pay-for-free-trade/5192156
     
  5. JulieW

    JulieW Well-Known Member Silver Stacker

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    Australia is open for Exploitation - oops Business!
     
  6. Greg Williams

    Greg Williams Well-Known Member Silver Stacker

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    Yep so if a US oil giant wants to strip mine the great barrier reef and the gubmint says no...the company can sue australia for loss of 'perceived' profits. :)
     
  7. bordsilver

    bordsilver Well-Known Member Silver Stacker

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    The way I read it, it would require the government to sell mining licences and get them to incur exploration expenses and such not and then say no.

    But seriously, does anyone truly believe that the Liberal or Labor Parties would sign up to such a bollocks law? Neither of these parties would agree to a law that says they can be sued by foreigners for making political decisions.
     
  8. Greg Williams

    Greg Williams Well-Known Member Silver Stacker

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    It's the ISDS clause that the gov doesn't want included in the TPP. The ISDS clause is the part that allows companies to be able to do this. Saw a vid on it a while back, apparently the tribunal that makes the decisions on these cases is made up of other TPP signatory countries. The whole TPP stinks.
     
  9. hecate

    hecate New Member Silver Stacker

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    More here http://wikileaks.org/tpp-sacrificing-the-environment.html
     
  10. Jislizard

    Jislizard Well-Known Member Silver Stacker

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