Dáil debates

Tuesday, 15 December 2020

Ceisteanna - Questions

Economic Policy

3:40 pm

Photo of Paul MurphyPaul Murphy (Dublin South West, RISE) | Oireachtas source

The Taoiseach's attempt to ram through the CETA deal this week has been pushed back but it is reported that he will try again in January to drive through what is bad deal for workers and the climate and a charter for billionaires and big businesses. This is a deal that gives corporations the right to sue states in a parallel justice system, which only corporations and investors can access, if governments and states take actions which impede their potential profits. I will give just three examples out of approximately 1,000 investor-state cases worldwide involving Canadian companies. Eco Oro is suing the Colombian Government for almost $1 billion for interfering with its mining rights, a different Canadian mining company is suing Romania for almost $6 billion for interfering with its mining rights and yet another corporation is suing Croatia for removing its illegal permits given for a golf course. How on earth can the Taoiseach stand over handing over more power to corporations which engage, in the words of Joseph Stiglitz, in "litigation terrorism"? The Minister, Deputy Eamon Ryan, was right in 2017 when he said it is wrong that this exact same deal provides for a dispute resolution mechanism under which corporations have power over governments and over our courts. Does the Taoiseach agree with what the Minister, Deputy Eamon Ryan, said then or does he agree with him now? The Minister has not explained his change of position or his apparent support for CETA now.

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