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Damn Trade Agreements
Topic Started: Nov 29 2015, 10:22 AM (524 Views)
Darcie
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Skeptic
Texas Oil Tycoon T. Boone Pickens' $700-Million NAFTA Lawsuit Against Ontario Nears End

Quote:
 
For the past four years, Texas oil billionaire and corporate raider T. Boone Pickens has been suing the Liberal government in Ontario under NAFTA, arguing he has been the victim of "unfair" backroom deals involving the province’s green energy program.

A NAFTA tribunal is expected to rule on Pickens’ $700-million lawsuit this month, The New York Times reported Friday, describing the dispute as the 87-year-old tycoon’s “last big battle.”

The case is one of many that has some social activists concerned that foreign businesses enjoy too much influence over policy under NAFTA’s chapter 11, which allows foreign investors to sue Canadian governments to protect their investments, without first going through Canadian courts.

A recent study from the Canadian Centre for Policy Alternatives said 70 per cent of claims under NAFTA’s chapter 11 were targeted against Canada, making it the most-sued country under the trade agreement.


http://www.huffingtonpost.ca/2015/10/16/t-boone-pickens-ontario-lawsuit-nafta_n_8313942.html

See the kind of stuff that other Conservative government brought us with their trade agreements. Every agreement we sign we are no longer masters in our own house. Anyone and everyone can tell us what to do and who can get our contracts and how our money should be spent.

Trade is OK, only not when it infringes on your government sovereignty.
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Darcie
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Skeptic
Kahu
Dec 3 2015, 11:10 AM
Darcie
Dec 3 2015, 03:18 AM
I am totally at a loss how a country could sell their autonomy like that all for the 'maybe' of more money.
Freedom to run your own house should never be given up for any reason.
Personally, I quite agree with you ... but there are ways and means around it too.
New Zealand Inc (Govt & Opposition parties - trade liberalisation) have decided that this path is the best available for the future of the whole country.
That's what the corporations rely on, nothing is there to make them keep their promises. They have a country over a barrel, if you don't do as they say then they kill the livelyhood of citizens. They don't care.

I well remember the NAFTA discussions and my wildest fears have come to pass.

When considering letting others control my country I always think "Would I let my family be controlled like this?"
Edited by Darcie, Dec 3 2015, 12:35 PM.
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haili
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Gold Star Member
Yet people keep voting for the same 2 parties that brought in or voted for the free trade deals.
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