CORPORATE EMPOWERMENT MAP:
Public Citizen maps the 75,000 companies that could sue governments for passing legislation that will affect their future profits in TTIP deal.
Governments that pass legislation in the name of the public good in areas like financial reform, environmental protection, worker and consumer rights, could be sued by foreign corporations in special private trade tribunals under the controversial Investor State Dispute Settlement (ISDS) mechanism proposed under TTIP.
ISDS would give preferential treatment to US and EU companies operating in each other’s jurisdictions, thereby exceeding the rights of domestic companies and small businesses. There are concerns that such a measure will also have a "cooling effect" on future legislative proposals by national governments who may be prevented from enacting public policy as a result of litigation threats from multinationals.
According to Public Citizen, more than 3,300 EU parent corporations own more than 24,200 subsidiaries in the United States, and 14,400 U.S.-based corporations own more than 50,800 subsidiaries in the EU. This would expose both regions to unprecedented corporate attacks on behalf of any of the U.S. and EU’s 75,000 cross-registered firms.
View the two maps below for a visual display of subsidiaries operating in the US and Europe. You can read Public Citizen’s full piece here.
View a fact sheet of examples of ISDS in action and associated risks by Friends of the Earth here.
Map 1: EU subsidiaries operating in the US