Sierra Club and Allies Urge End to ISDS System to Combat Climate Change
The Sierra Club, along with over 340 civil society organizations, has called on governments to abandon the investor-state dispute settlement (ISDS) system. This system allows corporations to sue governments for actions that allegedly harm their profits, often benefiting fossil fuel companies. The organizations argue that ISDS hinders efforts to transition away from fossil fuels and achieve ecological transformation. The call to end ISDS comes ahead of a conference in Colombia focused on transitioning away from fossil fuels, highlighting the system's role in obstructing climate progress.