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by pathy 3903 days ago
>. One example is already happening: Phillip Morris Honk Kong is suing the Australian government because the laws to discourage people from smoking are damaging their business

And because they did sue, Tobacco companies are specifically excluded from the ISDS procedure in TPP.

3 comments

Don't you see the fallacy here. Tobacco was carved-out primarily because of their unreasonably aggressive lawsuits and not because tobacco is unhealthy. Using reason, we should ban either all companies, because all companies have the power to abuse the system, or ban all companies that are producing arguably unhealthy products. They did neither of those.
Does the TPP include a provision to stop Oil Companies suing over any future regulation to reduce CO2 emissions ?
This is just a "positive" aspect of the TPP so that you can say it has positive things in it. Surely it has a lot of caveats for other industries, companies/lobbies. Typically corporations have lawyers working for them full time.