Big Oil is suing countries to block climate action
The Lever reports: Fossil fuel investors are adopting a bold new legal tactic in response to efforts to limit global warming: They are going to private international tribunals to argue that climate change policies are illegally cutting into their profits, and they must therefore be compensated. Now governments are scrambling to figure out how to not get sued for billions when enacting climate policies. Termed “investor-state dispute settlement” legal actions, such moves could have a chilling effect on countries’ ability…