Science & Environment• Updated
Greta Thunberg Criticises COP31 In Turkey As Fossil Fuel Firms Sue Governments Over Climate Action
Reported by Rohit Yadav (Staff Writer) · The Guardian - Environment ·
Confirmed by a second source: Bing News - Science & Environment
UPDATE - follow-up to Cop31: "No one is coming to rescue us" Greta Thunberg tells climate summit: Swedish activist Greta Thunberg told the COP31 climate talks in Antalya, Turkey, that the planet is not dying but being killed by the very people expected to help. Speaking at a packed press conference with activists from Nepal, Australia, Palestine and Canada, Thunberg condemned government inaction and called for an end to Turkish energy shipments to Israel. According to a new analysis, fossil fuel and related corporations have sought 440 billion dollars from governments through Investor-State Dispute Settlement mechanisms, while being awarded 86 billion dollars so far. UK Prime Minister Andy Burnham addressed the summit as talks entered their third day. UK Green party figures criticised his speech, while UN Secretary-General António Guterres also spoke at the event amid a sharp drop in attendance by world leaders, with President Trump refusing to send an American delegation.
Context
Investor-State Dispute Settlement mechanisms are legal tools included in trade treaties that allow foreign companies to sue national governments over policies that harm their commercial profits. These tribunals have increasingly become a key battleground as nations attempt to implement stricter decarbonisation rules and phase out fossil fuels.
What changed since yesterday
- British PM Andy Burnham Urges Climate Action at Cop31 Summit in Turkey
- Leaders Clash Over Cover Decision And Climate Finance As Cop31 Enters Third Day
- World leaders meet at Cop31 as debates stall over binding cover decision
Latest
Greta Thunberg Criticises COP31 In Turkey As Fossil Fuel Firms Sue Governments Over Climate Action
ExplainerWhy this matters
What Happened
Fossil fuel companies are using Investor-State Dispute Settlement (ISDS) mechanisms embedded in international trade treaties to sue national governments for billions of dollars over environmental policies that threaten their profit margins.
Why It Matters
These secret corporate courts create a major financial and legal barrier to global climate action. Even the mere threat of facing a massive legal claim can deter developing and developed nations alike from enacting crucial green laws and decarbonisation targets.
What Happens Next
Climate activists and policy experts at COP31 are pressing delegates to agree on a formal mechanism to phase out ISDS treaties entirely, while several countries explore ways to legally free themselves from these agreements.
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