Thousands of Fossil Fuel Projects Are Protected By Treaties. Canceling Them Could Cost Countries Billions
08 May 2022 | Abstracted from Fast Company
"Countries have signed thousands of treaties that protect foreign investors from government actions. Some treaties protect fossil fuel projects—and they jeopardize global efforts to save the climate."In a study published on May 5 in the journal Science, we estimate that countries would face up to $340 billion in legal and financial risks for canceling fossil fuel projects that are subject to treaties with ISDS clauses."
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