So what's the plan
Campaigners, dressed as Corporate ISDS Wolves will invade the streets of Davos to highlight the real face of private-sector influence.
Check out the Campaign video about the Corporate ISDS Wolves of Davos here:
To contact the Campaigners on the ground in Davos, email leo.hyde(at)world-psi.org
WEF Industry Partners - and their ISDS cases
PSI has compiled a full list of WEF Industry partners and case summaries here:
Vattenfall, which runs power plants, is suing Germany for over €4 billion after the Government announced a transition away from nuclear energy. Vattenfall also sued Germany after Hamburg's Environmental Authority imposed quality controls for the waste waters released into the river from a Vattenfall power plant. Vattenfall claimed that those standards made the investment project unviable. Using ISDS provisions, the company asked Germany for compensation totaling €1.4 billion. The case was eventually settled when the City of Hamburg agreed to lower the environmental requirements previously set.
Chevron sued Ecuador for attempting to make the company pay for the devastating environmental impact and pollution resulting from mining and drilling activity in the Amazon region.
Glencore sued the Colombian government for restricting the expansion of a pollutive open-cast coal mine.
Engie sued Hungary after the government increased taxes on foreign energy companies and attempted to bring down prices for consumers.
Mobil sued the Canadian government after the province of New Foundland tried to ensure a percentage of profits from offshore gas extraction were re-invested in research and development in the region.
Total is suing Uganda after the government taxed their purchase of oil-exploration blocks.
Scotia Bank sued Argentina for over half a billion dollars for measures taken during the 2002 Argentine Financial Crisis.
Mercuria, a Swiss commodity trader, sued Poland via a Cyprus subsidiary for implementing an EU directive on mandatory fuel reserves which they say negatively affected their profits.
Shell sued the Philippines, via a Dutch subsidiary curiously named “Shell Philippines,” for attempts by the government to make offshore-gas extractors pay their fair share in tax.
Credit Suisse and Standard Chartered sued the Indian Government for “failing to protect investor loans.”
Siemens sued Argentina for cancelling a contract for outsourced public services, after widespread failures. Siemens was awarded over US $200 million.
Novartis in 2016 threatened to use ISDS to discourage the Colombian government from attempting to make a life-saving leukaemia drug more accessible through compulsory licensing. The drug, which has brought in over €40 billion in revenue for Novartis, was sold in Columbia for over $15,000 per patient per year; twice the average person’s income.
Cargill, which produces food products, sued the Mexican government for implementing a tax on beverages containing high fructose corn syrup. The tax was an attempt to address the country’s spiralling diabetes and obesity crisis – the second highest in the OECD after the USA. Cargill used an ISDS process under NAFTA to extract over $70million in damages from the Mexican public budget.
Dow Chemical sued Canada after the province of Quebec banned the manufacture and sale of harmful pesticides. Dow Agrosciences declared the subsequent settlement a victory, and commentators noted the case may discourage other Governments from moving ahead with their own pesticide bans.
Agility Telecommunications: https://investmentpolicyhub.unctad.org/ISDS/Details/793
DP World: https://investmentpolicyhub.unctad.org/ISDS/Details/807
Puma Energy https://investmentpolicyhub.unctad.org/ISDS/Details/820
Arcelor Mittal: https://investmentpolicyhub.unctad.org/ISDS/Details/697
Anglo American: https://investmentpolicyhub.unctad.org/ISDS/Details/605
Deutsche Bank: https://investmentpolicyhub.unctad.org/ISDS/Details/337
A.P. Møller-Maersk: https://investmentpolicyhub.unctad.org/ISDS/Details/336
Mercuria Energy: https://investmentpolicyhub.unctad.org/ISDS/Details/322
ABN Amro: https://investmentpolicyhub.unctad.org/ISDS/Details/149
Credit Suisse: https://investmentpolicyhub.unctad.org/ISDS/Details/150
Standard Chartered: https://investmentpolicyhub.unctad.org/ISDS/Details/152