Extract from “The Corporation Behind Keystone XL Just Laid Bare the TPP’s Threats to Our Climate”

The TPP […] would expand these corporate rights more than any past U.S. trade deal by extending them to more than 9,000 additional foreign-owned firms. In one fell swoop, the TPP would roughly double the number of foreign corporations that could follow TransCanada’s example and challenge U.S. climate and environmental safeguards in private tribunals. The corporations that would gain this power include Australian and Japanese fossil fuel firms that are currently drilling for oil in the Gulf of Mexico and fracking for natural gas on U.S. public lands.

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