| Agreement honors investment over environment
Corporations are capitalizing on provisions in the North American Free Trade Agreement (NAFTA) to circumvent environmental regulations, claims Public Citizen, a nonprofit watchdog group. In a new report, NAFTA Chapter 11 Investor-to-State Cases: Bankrupting Democracy, the group analyzes how the agreements investor protection provisions have been used. It documents 15 cases in which the investor-to-state dispute resolution provision has been used to challenge environmental laws, regulations, and government decisions at the national, state, and local levels. The provision renders NAFTAs environmental protections meaningless, according to the report, which notes that it has even been used to trump the international Basel Convention that regulates trade in hazardous waste. To see the report, click here. KELLYN S. BETTS |