ACTION: Tell President Obama to take fracking out of our international trade agreements.
Can an Australian corporation challenge court decisions upholding fracking moratoria and bans in the US? That could be the case if the Trans-Pacific Partnership (TPP) agreement is approved by the negotiating parties: Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, and Vietnam and probably Japan. Set to be finalized next year, this massive new trade pact is being negotiated behind closed doors without any Congressional oversight, and away from the media. With the TPP in place then transnational corporations would be able to challenge virtually any US environmental law, regulation or court decision that negatively affects their expectation of profits as a “regulatory taking”. The matter would go to an international tribunal that circumvents domestic judicial systems. For a TPP toolkit prepared by the Sierra Club, click HERE. NOTE. The TPP will also ease the export of LNG (Liquified Natural Gas).