![Investors awarded billions in public cash for losses related to climate laws, analysis finds](https://cdn.magzter.com/1588175106/1717631054/articles/3oWPcD0d-1717640226637/INVESTORS-AWARDED-BILLIONS-IN-PUBLIC-CASH-FOR-LOSSES-RELATED-TO-CLIMATE-LAWS-ANALYSIS-FINDS.jpg)
The controversial arbitration system, which allows corporations to sue governments for compensation over decisions they argue affect their profits, is largely carried out behind closed doors, with some judgments kept secret. But, according to a global ISDS tracker that launches today, $114bn has so far been paid out of the public purse to investors - about as much as rich nations provided in climate aid in 2022.
Fossil fuel companies have been by far the biggest beneficiaries of the corporate panels, raking in $80.21bn since 1998, according to the site. If current trends continue, at least another $48bn will be disbursed to settle cases currently under litigation, the research finds.
Lucía Bárcena of the Transnational Institute, one of the three groups that created the tracker, said: "Much like the British government paid slaveholders around £7tn in today's money for ending slavery, the ISDS mechanism continues a system where corporate perpetrators get paid for finally doing the right thing, or at least for stopping with doing the wrong thing. This money should be spent on reparations for the innocent victims of global heating, not handed out to the corporations responsible for causing it."
Diese Geschichte stammt aus der June 06, 2024-Ausgabe von The Guardian.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der June 06, 2024-Ausgabe von The Guardian.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
![All Change Bellingham Running Into Poor Form Gives Southgate A Big Decision To Make](https://reseuro.magzter.com/100x125/articles/21665/1746371/zYl7afwCW1719452608270/crp_ALL-CHANGE-BELLINGHAM-RUNNING-INTO-POOR-FORM-GIVES-SOUTHGATE-A-BIG-DECISION-TO-MAKE.jpg)
All Change Bellingham Running Into Poor Form Gives Southgate A Big Decision To Make
Your best players are still your best players. Your best team is not necessarily the one with all the best players on the pitch. Unfortunately England are in that place again.
![Junk Foods Need Health Warnings, Says Expert](https://reseuro.magzter.com/100x125/articles/21665/1746371/0AAkUuPFW1719451163888/crp_JUNK-FOODS-NEED-HEALTH-WARNINGS-SAYS-EXPERT.jpg)
Junk Foods Need Health Warnings, Says Expert
Ultra-processed foods (UPF) are displacing healthy diets all over the world despite growing evidence of the risks they pose and should be sold with tobacco-style warnings, according to the nutritional scientist who coined the term.
![England Prepare For India's Storming Side In Battle For The Ages](https://reseuro.magzter.com/100x125/articles/21665/1746371/_W6ad6e5K1719452774357/crp_ENGLAND-PREPARE-FOR-INDIAS-STORMING-SIDE-IN-BATTLE-FOR-THE-AGES.jpg)
England Prepare For India's Storming Side In Battle For The Ages
This last-four encounter could be Guyana’s rumble next tothejungle-iftherain plays nice and stays away
![PM And Starmer Clash Over Betting Scandal In Tetchy Final TV Debate](https://reseuro.magzter.com/100x125/articles/21665/1746371/ZxeDHwUYR1719450871906/crp_PM-AND-STARMER-CLASH-OVER-BETTING-SCANDAL-IN-TETCHY-FINAL-TV-DEBATE.jpg)
PM And Starmer Clash Over Betting Scandal In Tetchy Final TV Debate
Labour leader hits out at Sunak over Tory culture and telling lies on tax’
![Russian Trial Of US Journalist On 'Bogus' Spying Charge Starts Behind Closed Doors](https://reseuro.magzter.com/100x125/articles/21665/1746371/n_QHZpV0a1719452342161/crp_RUSSIAN-TRIAL-OF-US-JOURNALIST-ON-BOGUS-SPYING-CHARGE-STARTS-BEHIND-CLOSED-DOORS.jpg)
Russian Trial Of US Journalist On 'Bogus' Spying Charge Starts Behind Closed Doors
A Russian court has begun a closeddoors trial of the Wall Street Journal reporter Evan Gershkovich on spying charges that he, his employer and the US government have all described as politically motivated.
![Two Stuck On ISS As Boeing Spacecraft Hits Trouble](https://reseuro.magzter.com/100x125/articles/21665/1746371/7GiowjwSW1719451889959/crp_TWO-STUCK-ON-ISS-AS-BOEING-SPACECRAFT-HITS-TROUBLE.jpg)
Two Stuck On ISS As Boeing Spacecraft Hits Trouble
Boeing's public relations crisis is now out of this world: the company's Starliner spacecraft and the two astronauts who arrived on it - are stuck in space.
![Up For The Cup Call For Restraint As Plastic And Beer Sent Flying By Fans At Euro 2024](https://reseuro.magzter.com/100x125/articles/21665/1746371/P1ZFu9Eb_1719451816720/crp_UP-FOR-THE-CUP-CALL-FOR-RESTRAINT-AS-PLASTIC-AND-BEER-SENT-FLYING-BY-FANS-AT-EURO-2024.jpg)
Up For The Cup Call For Restraint As Plastic And Beer Sent Flying By Fans At Euro 2024
International tournaments are often described as "festivals of football", but Euro 2024 has come to resemble something more like a rock festival as fans have taken to throwing beer and plastic pint glasses from the stands on to the field.
![Belgium booed despite progress as Ukraine get heroes' farewell](https://reseuro.magzter.com/100x125/articles/21665/1746371/LZLTO8TEo1719453072321/BELGIUM-BOOED-DESPITE-PROGRESS-AS-UKRAINE-GET-HEROES-FAREWELL.jpg)
Belgium booed despite progress as Ukraine get heroes' farewell
At one end of the ground, one team stood, exhausted, in the penalty area in front of their fans and were warmly applauded.
![Turkey take second after Barak red hurts Czechs](https://reseuro.magzter.com/100x125/articles/21665/1746371/kO5j9tkvS1719452933716/TURKEY-TAKE-SECOND-AFTER-BARAK-RED-HURTS-CZECHS.jpg)
Turkey take second after Barak red hurts Czechs
Turkey scraped through to face Austria in a quintessential battle of the dark horses but they will have to buck their ideas up when the knockouts arrive.
![Rivian shares rise 33% after $5bn deal with Volkswagen](https://reseuro.magzter.com/100x125/articles/21665/1746371/ekiaCbPr71719452533911/RIVIAN-SHARES-RISE-33-AFTER-5BN-DEAL-WITH-VOLKSWAGEN.jpg)
Rivian shares rise 33% after $5bn deal with Volkswagen
Shares in Rivian surged after Volkswagen agreed to invest up to $5bn (£4bn) in the Amazon-backed electric carmaker.