Petition Opposing the ISDS ‘Corporate Power Grab’ in NAFTA
Deals like the North American Free Trade Agreement (NAFTA) give multinational corporations the power to sue the U.S. government in front of a tribunal of three corporate lawyers. These lawyers can order U.S. taxpayers to pay the corporations unlimited sums of money, including for the loss of expected future profits.
The multinational corporations need only to convince the lawyers that a law protecting public health or the environment violates their special NAFTA rights. The corporate lawyers' decisions are not subject to appeal.
This corporate power grab is formally called Investor-State Dispute Settlement (ISDS).
There is one clear litmus test to judge whether NAFTA or any agreement is designed to benefit people or if it has been hijacked by special interests to expand corporate power: Does the deal include ISDS?
Please commit to oppose any NAFTA renegotiation or any other agreement that includes ISDS.